M.P. Evans Group (LON:MPE) Stock Crosses Above 200-Day Moving Average - Here's What Happened

M.P. Evans Group PLC (LON:MPE - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 979.87 ($12.52) and traded as high as GBX 1,034.50 ($13.22). M.P. Evans Group shares last traded at GBX 990 ($12.65), with a volume of 115,056 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their price target on shares of M.P. Evans Group from GBX 1,400 ($17.89) to GBX 1,500 ($19.17) and gave the stock a "buy" rating in a research note on Friday, March 28th.

M.P. Evans Group Price Performance

The stock has a market capitalization of £647.82 million, a PE ratio of 10.05 and a beta of 0.69. The company's 50 day simple moving average is GBX 1,027.87 and its 200 day simple moving average is GBX 983.90. The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.89.

M.P. Evans Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, April 24th will be paid a GBX 37.50 ($0.48) dividend. This is a positive change from M.P. Evans Group's previous dividend of $15.00. This represents a yield of 3.64%. The ex-dividend date is Thursday, April 24th. M.P. Evans Group's dividend payout ratio is presently 48.36%.

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”).