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M.P. Evans Group (LON:MPE) Shares Cross Above Two Hundred Day Moving Average - Here's Why

M.P. Evans Group logo with Consumer Defensive background

M.P. Evans Group PLC (LON:MPE - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 897.77 ($11.41) and traded as high as GBX 974 ($12.38). M.P. Evans Group shares last traded at GBX 956 ($12.15), with a volume of 49,737 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 1,250 ($15.89) price target on shares of M.P. Evans Group in a research report on Wednesday, September 18th.

Get Our Latest Stock Report on MPE

M.P. Evans Group Stock Performance

The stock has a market capitalization of £499.49 million, a PE ratio of 1,006.30 and a beta of 0.69. The company has a debt-to-equity ratio of 8.72, a quick ratio of 1.91 and a current ratio of 1.70. The firm's 50 day moving average is GBX 950.06 and its two-hundred day moving average is GBX 898.17.

Insider Buying and Selling at M.P. Evans Group

In related news, insider K Chandra Sekaran sold 820 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of GBX 940 ($11.95), for a total value of £7,708 ($9,799.14). In the last three months, insiders have sold 8,850 shares of company stock valued at $8,238,000. Insiders own 48.63% of the company's stock.

About M.P. Evans Group

(Get Free Report)

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”).

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