M.P. Evans Group PLC, through its subsidiaries, engages in the ownership, management, and development of oil palm plantations in Indonesia. It operates through Plantation Indonesia and Property Malaysia segments. The company produces crude palm oil and palm kernels. It is also involved in the property development; and oil-palm fresh fruit bunches production businesses, as well as provision of agronomic and management consultancy services. As of December 31, 2021, the company had interests in 39,800 hectares of oil palm plantations in Indonesia; and 12,800 hectares of associated smallholder oil palm. M.P. Evans Group PLC was incorporated in 1981 and is headquartered in Tunbridge Wells, the United Kingdom.
M.P. Evans Group Stock Down 0.5 %
Shares of MPE opened at GBX 820 ($9.91) on Tuesday. The company has a market capitalization of £447.90 million and a PE ratio of 633.85. M.P. Evans Group has a 12 month low of GBX 702 ($8.48) and a 12 month high of GBX 1,090 ($13.17). The stock's 50-day moving average price is GBX 887.15 and its two-hundred day moving average price is GBX 914.18. The company has a current ratio of 2.13, a quick ratio of 1.68 and a debt-to-equity ratio of 15.97.
Wall Street Analyst Weigh In
Separately, Peel Hunt reaffirmed a "buy" rating and set a GBX 1,140 ($13.77) target price on shares of M.P. Evans Group in a report on Tuesday, April 12th.
Insiders Place Their Bets
In related news, insider Michael Sherwin bought 2,250 shares of the business's stock in a transaction on Friday, July 8th. The shares were purchased at an average cost of GBX 885 ($10.69) per share, with a total value of £19,912.50 ($24,060.54).