M.P. Evans Group (LON:MPE) Trading 10.2% Higher – Should You Buy?

M.P. Evans Group PLC (LON:MPEGet Free Report)’s share price traded up 10.2% on Thursday . The company traded as high as GBX 1,526 and last traded at GBX 1,510. 302,498 shares traded hands during trading, an increase of 32% from the average session volume of 229,752 shares. The stock had previously closed at GBX 1,370.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 1,750 price target on shares of M.P. Evans Group in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, M.P. Evans Group presently has an average rating of “Buy” and an average target price of GBX 1,750.

Read Our Latest Report on MPE

M.P. Evans Group Stock Performance

The stock’s fifty day moving average price is GBX 1,628.68 and its two-hundred day moving average price is GBX 1,428.11. The company has a market cap of £795.16 million, a P/E ratio of 7.20 and a beta of 0.34.

Insider Transactions at M.P. Evans Group

In related news, insider Tanya Ashton acquired 669 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired at an average cost of GBX 1,493 per share, for a total transaction of £9,988.17. 8.70% of the stock is currently owned by corporate insiders.

M.P. Evans Group Company Profile

(Get Free Report)

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”).

The Group was founded by Matthew Pennefather Evans in the 1870s and its long history in tropical agriculture includes experience in tea and rubber plantations.

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