M.P. Evans Group (LON:MPE) Hits New 52-Week High – Still a Buy?

M.P. Evans Group PLC (LON:MPE)’s share price hit a new 52-week high during mid-day trading on Friday . The company 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).

Wall Street Analysts Forecast Growth

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

M.P. Evans Group Stock Down 0.5%

The company has a debt-to-equity ratio of 8.89, a quick ratio of 1.91 and a current ratio of 1.70. The stock has a market cap of £710.79 million, a PE ratio of 11.03 and a beta of 0.69. The company’s 50-day moving average price is GBX 1,042.31 and its 200 day moving average price is GBX 1,018.23.

Insider Activity at M.P. Evans Group

In related news, insider Matthew Coulson sold 6,448 shares of the company’s stock in a transaction on Tuesday, April 22nd. The shares were 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 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”).