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

M.P. Evans Group PLC (LON:MPE) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 901.14 ($11.30) and traded as high as GBX 950 ($11.91). M.P. Evans Group shares last traded at GBX 948 ($11.88), with a volume of 15,899 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,250 ($15.67) price objective on shares of M.P. Evans Group in a research report on Wednesday, September 18th.

M.P. Evans Group Trading Down 0.2 %

The business has a 50-day moving average price of GBX 952.46 and a two-hundred day moving average price of GBX 901.14. The company has a market cap of £500.54 million, a P/E ratio of 1,008.51 and a beta of 0.69. The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.72.

Insiders Place Their Bets

In other M.P. Evans Group news, insider K Chandra Sekaran sold 820 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of GBX 940 ($11.78), for a total transaction of £7,708 ($9,662.78). In the last three months, insiders sold 8,850 shares of company stock valued at $8,238,000. 48.63% of the stock is currently owned by insiders.

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”).