M.P. Evans Group (LON:MPE) Hits New 1-Year High - What's Next?

M.P. Evans Group PLC (LON:MPE - Get Free Report) shares hit a new 52-week high 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 changing hands. The stock had previously closed at GBX 930 ($11.72).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 1,250 ($15.75) price target on shares of M.P. Evans Group in a research report on Wednesday, September 18th.

M.P. Evans Group Stock Performance

The company has a market cap of £523.78 million, a P/E ratio of 1,055.32 and a beta of 0.69. The company's fifty day moving average is GBX 917.38 and its 200 day moving average is GBX 878.14. The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.72.

M.P. Evans Group Cuts Dividend

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

Insider Transactions at M.P. Evans Group

In other M.P. Evans Group news, insider K Chandra Sekaran sold 4,050 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of GBX 920 ($11.59), for a total transaction of £37,260 ($46,956.52). Over the last 90 days, insiders have sold 8,850 shares of company stock worth $8,238,000. Insiders own 48.63% of the company's stock.

About M.P. Evans Group

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.