M.P. Evans Group (LON:MPE) Shares Cross Below 200-Day Moving Average – What’s Next?

Shares of M.P. Evans Group PLC (LON:MPE) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,282.70 and traded as low as GBX 1,230. M.P. Evans Group shares last traded at GBX 1,250, with a volume of 249,975 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,650 price target on shares of M.P. Evans Group in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, M.P. Evans Group has an average rating of “Buy” and an average target price of GBX 1,650.

M.P. Evans Group Trading Up 0.8%

The company has a debt-to-equity ratio of 8.89, a current ratio of 1.70 and a quick ratio of 1.91. The business’s 50 day moving average price is GBX 1,252.20 and its 200-day moving average price is GBX 1,282.70. The firm has a market capitalization of £657.42 million, a price-to-earnings ratio of 6.25 and a beta of 0.69.

Insider Transactions at M.P. Evans Group

In other M.P. Evans Group news, insider Matthew Coulson sold 9,330 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of GBX 1,232, for a total transaction of £114,945.60. Insiders own 8.66% of the company’s stock.

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”).

The Group was founded by Matthew Pennefather Evans in the 1870s and its long history in tropical agriculture includes experience in tea and rubber plantations.