M.P. Evans Group (LON:MPE) Reaches New 52-Week High – Should You Buy?

M.P. Evans Group PLC (LON:MPE)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 1,012.09 ($12.75) and last traded at GBX 987.51 ($12.44), with a volume of 124473 shares traded. The stock had previously closed at GBX 930 ($11.72).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,250 ($15.75) price objective on shares of M.P. Evans Group in a research note on Wednesday, September 18th.

M.P. Evans Group Price Performance

The company has a market cap of £523.78 million, a PE ratio of 1,055.32 and a beta of 0.69. The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.72. The firm has a 50 day simple moving average of GBX 920.26 and a 200-day simple moving average of GBX 879.17.

M.P. Evans Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were issued a GBX 15 ($0.19) dividend. The ex-dividend date was Thursday, October 10th. This represents a dividend yield of 1.76%. M.P. Evans Group’s dividend payout ratio is currently 5,106.38%.

Insider Buying and Selling at M.P. Evans Group

In other news, insider K Chandra Sekaran sold 3,980 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of GBX 940 ($11.85), for a total value of £37,412 ($47,148.08). In the last 90 days, insiders have sold 8,850 shares of company stock worth $8,238,000. 48.63% of the stock is currently owned by insiders.

M.P. Evans Group Company Profile

M.P. Evans Group PLC, through its subsidiaries, engages in the ownership and development of oil palm plantations in Indonesia and Malaysia. The company operates through Plantation, Property, and Other segments. It produces and sells crude palm oil and palm kernels. The company 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.