M.P. Evans Group (LON:MPE) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

M.P. Evans Group PLC (LON:MPE) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 962.79 ($12.49) and traded as high as GBX 1,015 ($13.16). M.P. Evans Group shares last traded at GBX 998 ($12.94), with a volume of 18,010 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their target price on M.P. Evans Group from GBX 1,350 ($17.51) to GBX 1,400 ($18.16) and gave the stock a “buy” rating in a research report on Tuesday, January 21st.

M.P. Evans Group Stock Up 1.8 %

The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.89. The firm has a 50 day moving average price of GBX 1,025.60 and a two-hundred day moving average price of GBX 962.79. The company has a market capitalization of £647.82 million, a price-to-earnings ratio of 10.05 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”).