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

M.P. Evans Group PLC (LON:MPE)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 906.71 ($11.22) and traded as high as GBX 1,000 ($12.38). M.P. Evans Group shares last traded at GBX 994 ($12.30), with a volume of 14,940 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,250 ($15.47) target price on shares of M.P. Evans Group in a research note on Wednesday, September 18th.

M.P. Evans Group Stock Performance

The company has a 50 day moving average of GBX 958.63 and a 200 day moving average of GBX 907.87. The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.72. The firm has a market cap of £536.90 million, a price-to-earnings ratio of 1,081.76 and a beta of 0.69.

Insider Activity

In other news, insider K Chandra Sekaran sold 3,980 shares of M.P. Evans Group stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of GBX 940 ($11.64), for a total value of £37,412 ($46,307.71). In the last three months, insiders sold 8,850 shares of company stock worth $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”).