M.P. Evans Group (LON:MPE) Reaches New 52-Week High - Should You Buy?

M.P. Evans Group PLC (LON:MPE - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 1,145 ($15.71) and last traded at GBX 1,113.20 ($15.28), with a volume of 2853 shares traded. The stock had previously closed at GBX 1,100 ($15.10).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 1,500 ($20.58) price target on shares of M.P. Evans Group in a research note on Thursday, April 17th.

M.P. Evans Group Trading Up 0.8%

The stock has a market cap of £719.94 million, a PE ratio of 11.17 and a beta of 0.69. The business has a 50-day moving average of GBX 1,040.18 and a 200 day moving average of GBX 1,017.28. The company has a debt-to-equity ratio of 8.89, a quick ratio of 1.91 and a current ratio of 1.70.

Insider Buying and Selling

In other M.P. Evans Group news, insider Matthew Coulson sold 6,448 shares of M.P. Evans Group stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of GBX 984 ($13.50), for a total value of £63,448.32 ($87,070.56). 48.63% of the stock is currently owned by company insiders.

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”).

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