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

M.P. Evans Group PLC (LON:MPE) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 901.14 ($11.30) and traded as high as GBX 950 ($11.92). M.P. Evans Group shares last traded at GBX 948 ($11.89), with a volume of 15,899 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,250 ($15.68) price target on shares of M.P. Evans Group in a report on Wednesday, September 18th.

M.P. Evans Group Trading Down 0.2 %

The company has a market capitalization of £500.54 million, a price-to-earnings ratio of 1,008.51 and a beta of 0.69. The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.72. The business’s 50 day moving average price is GBX 952.28 and its two-hundred day moving average price is GBX 902.50.

Insider Buying and Selling at M.P. Evans Group

In other M.P. Evans Group news, insider K Chandra Sekaran sold 820 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of GBX 940 ($11.79), for a total value of £7,708 ($9,667.63). Insiders have sold 8,850 shares of company stock worth $8,238,000 over the last quarter. Corporate insiders own 48.63% of the company’s stock.

About M.P. Evans Group

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”).