M.P. Evans Group (LON:MPE) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

M.P. Evans Group PLC (LON:MPE)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 938.08 ($11.81) and traded as high as GBX 1,105 ($13.91). M.P. Evans Group shares last traded at GBX 1,090 ($13.72), with a volume of 168,927 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price objective on shares of M.P. Evans Group from GBX 1,350 ($16.99) to GBX 1,400 ($17.62) and gave the stock a “buy” rating in a research note on Tuesday, January 21st.

M.P. Evans Group Stock Down 1.8 %

The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.89. The firm’s 50 day simple moving average is GBX 994.15 and its two-hundred day simple moving average is GBX 938.08. The firm has a market cap of £707.54 million, a price-to-earnings ratio of 10.98 and a beta of 0.69.

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”).