M.P. Evans Group (LON:MPE) Reaches New 1-Year High - Here's Why

M.P. Evans Group PLC (LON:MPE - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 1,130 ($15.30) and last traded at GBX 1,120.61 ($15.17), with a volume of 2590 shares traded. The stock had previously closed at GBX 1,110 ($15.03).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 1,500 ($20.31) price objective on shares of M.P. Evans Group in a research note on Thursday, April 17th.

M.P. Evans Group Price Performance

The stock has a market cap of £720.53 million, a price-to-earnings ratio of 11.18 and a beta of 0.69. The stock's 50 day moving average price is GBX 1,032.38 and its two-hundred day moving average price is GBX 1,014.83. The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.89.

M.P. Evans Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 19th. Stockholders of record on Thursday, April 24th were paid a GBX 37.50 ($0.51) dividend. The ex-dividend date was Thursday, April 24th. This represents a dividend yield of 3.64%. This is a positive change from M.P. Evans Group's previous dividend of $15.00. M.P. Evans Group's dividend payout ratio is presently 48.36%.

Insider Transactions at M.P. Evans Group

In other news, insider Matthew Coulson sold 6,448 shares of the stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of GBX 984 ($13.32), for a total value of £63,448.32 ($85,903.49). Company insiders own 48.63% of the company's stock.

About M.P. Evans Group

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”).