M.P. Evans Group (LON:MPE) Reaches New 12-Month High – Here’s Why

Posted by Oscar Bower on Nov 15th, 2024

Shares of M.P. Evans Group PLC (LON:MPE – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 1,012.09 ($13.02) and last traded at GBX 987.51 ($12.71), with a volume of 124473 shares changing hands. The stock had previously closed at GBX 930 ($11.97).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,250 ($16.09) price target on shares of M.P. Evans Group in a research report on Wednesday, September 18th.

View Our Latest Stock Analysis on M.P. Evans Group

M.P. Evans Group Stock Up 6.2 %

The company has a debt-to-equity ratio of 8.72, a quick ratio of 1.91 and a current ratio of 1.70. The company has a market cap of £521.40 million, a price-to-earnings ratio of 985.11 and a beta of 0.69. The business has a 50-day simple moving average of GBX 915.86 and a 200-day simple moving average of GBX 877.72.

M.P. Evans Group Cuts Dividend

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

Insider Activity

In other news, insider K Chandra Sekaran sold 3,980 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of GBX 940 ($12.10), for a total value of £37,412 ($48,143.10). 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.

About M.P. Evans Group

(Get Free Report)

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.