M.P. Evans Group (LON:MPE) Hits New 12-Month High - What's Next?

M.P. Evans Group PLC (LON:MPE - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 1,195 ($16.12) and last traded at GBX 1,190 ($16.05), with a volume of 24545 shares trading hands. The stock had previously closed at GBX 1,180 ($15.91).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 1,500 ($20.23) price target on shares of M.P. Evans Group in a report on Thursday, April 17th.

M.P. Evans Group Price Performance

The business has a 50-day simple moving average of GBX 1,078.22 and a 200 day simple moving average of GBX 1,033.75. The stock has a market cap of £785.44 million, a P/E ratio of 12.19 and a beta of 0.69. The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.89.

Insider Activity

In related news, insider Matthew Coulson sold 6,448 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of GBX 984 ($13.27), for a total transaction of £63,448.32 ($85,567.53). 48.63% of the stock is owned by corporate insiders.

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”).