M.P. Evans Group (LON:MPE) Reaches New 12-Month High - Time to Buy?

Key Points

• Shares reached a new 52-week high (intraday GBX 1,596) and last traded at GBX 1,562 on volume of 35,969, trading up about 1.5% and sitting above both the 50‑day (GBX 1,470.38) and 200‑day (GBX 1,345.24) moving averages.
• Analyst sentiment is positive: Canaccord Genuity reissued a Buy rating with a GBX 1,750 price target, and MarketBeat shows a consensus rating of Buy with an average target of GBX 1,750.
• The company has a market capitalization of £821.25 million and a low PE of 7.43; insiders remain active—Tanya Ashton bought 669 shares at GBX 1,493 while Matthew Coulson sold 8,450 shares at GBX 1,239—and insiders own 8.70% of the stock.

Shares of M.P. Evans Group PLC (LON:MPE - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 1,596 and last traded at GBX 1,562, with a volume of 35969 shares changing hands. The stock had previously closed at GBX 1,550.18.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 1,750 price target on shares of M.P. Evans Group in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of GBX 1,750.

M.P. Evans Group Trading Up 1.5%

The stock has a market capitalization of £821.25 million, a PE ratio of 7.43 and a beta of 0.26. The company's 50-day moving average is GBX 1,470.38 and its 200 day moving average is GBX 1,345.24.

Insider Activity at M.P. Evans Group

In related news, insider Tanya Ashton acquired 669 shares of the firm's stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average cost of GBX 1,493 per share, with a total value of £9,988.17. Also, insider Matthew Coulson sold 8,450 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of GBX 1,239, for a total transaction of £104,695.50. Company insiders own 8.70% of the company's stock.

M.P. Evans Group Company Profile

M.P. Evans Group PLC is a responsible producer of certified sustainable crude palm oil (“CPO”), with plantations in five Indonesian provinces: Aceh, Bangka Belitung, East Kalimantan, North Sumatra and South Sumatra. Headquartered in the UK, the Group's shares are traded on the London Stock Exchange's Alternative Investment Market (“AIM”). The Group was founded by Matthew Pennefather Evans in the 1870s and its long history in tropical agriculture includes experience in tea and rubber plantations.

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