M.P. Evans Group (LON:MPE) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of M.P. Evans Group PLC (LON:MPE) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 897.77 ($11.39) and traded as high as GBX 974 ($12.36). M.P. Evans Group shares last traded at GBX 956 ($12.13), with a volume of 49,737 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,250 ($15.86) price objective on shares of M.P. Evans Group in a research report on Wednesday, September 18th.

M.P. Evans Group Stock Down 0.9 %

The company’s 50 day moving average is GBX 949.78 and its 200 day moving average is GBX 897.77. The company has a market cap of £499.98 million, a PE ratio of 1,017.02 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.

Insider Transactions at M.P. Evans Group

In related news, insider K Chandra Sekaran sold 4,050 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of GBX 920 ($11.67), for a total value of £37,260 ($47,272.27). Over the last three months, insiders have sold 8,850 shares of company stock valued at $8,238,000. 48.63% of the stock is currently owned by company insiders.

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.