M.P. Evans Group PLC (LON:MPE) Insider K Chandra Sekaran Sells 4,050 Shares

M.P. Evans Group PLC (LON:MPE) insider K Chandra Sekaran sold 4,050 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of GBX 920 ($11.84), for a total value of £37,260 ($47,947.50).

K Chandra Sekaran also recently made the following trade(s):

• On Wednesday, November 6th, K Chandra Sekaran sold 3,980 shares of M.P. Evans Group stock. The stock was sold at an average price of GBX 940 ($12.10), for a total value of £37,412 ($48,143.10).
• On Monday, November 4th, K Chandra Sekaran sold 820 shares of M.P. Evans Group stock. The shares were sold at an average price of GBX 940 ($12.10), for a total value of £7,708 ($9,918.93).

M.P. Evans Group Price Performance

M.P. Evans Group stock opened at GBX 934 ($12.02) on Wednesday. The company has a debt-to-equity ratio of 8.72, a current ratio of 1.70 and a quick ratio of 1.91. The stock has a market cap of £493.15 million, a price-to-earnings ratio of 976.60 and a beta of 0.69. The firm has a 50-day moving average of GBX 912.90 and a two-hundred day moving average of GBX 876.39. M.P. Evans Group PLC has a 1 year low of GBX 706 ($9.09) and a 1 year high of GBX 994 ($12.79).

M.P. Evans Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 1st. Investors 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 payout ratio is 5,106.38%.

Wall Street Analysts Forecast Growth

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

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.