M.P. Evans Group (LON:MPE) Reaches New 1-Year High - Time to Buy?

M.P. Evans Group PLC (LON:MPE - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 1,250 ($16.79) and last traded at GBX 1,236.96 ($16.61), with a volume of 19109 shares. The stock had previously closed at GBX 1,225 ($16.45).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 1,500 ($20.14) target price on shares of M.P. Evans Group in a report on Thursday, April 17th.

M.P. Evans Group Price Performance

The firm has a 50 day simple moving average of GBX 1,094.19 and a 200-day simple moving average of GBX 1,040.23. The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.89. The company has a market cap of £827.63 million, a PE ratio of 12.85 and a beta of 0.69.

Insider Buying and Selling at M.P. Evans Group

In other news, insider Matthew Coulson sold 6,448 shares of the business's stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of GBX 984 ($13.21), for a total transaction of £63,448.32 ($85,199.84). 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”).