M.P. Evans Group (LON:MPE) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

M.P. Evans Group PLC (LON:MPE - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 938.08 ($11.84) and traded as high as GBX 1,105 ($13.94). M.P. Evans Group shares last traded at GBX 1,090 ($13.75), with a volume of 168,927 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their target price on shares of M.P. Evans Group from GBX 1,350 ($17.03) to GBX 1,400 ($17.66) and gave the stock a "buy" rating in a research note on Tuesday, January 21st.

M.P. Evans Group Stock Performance

The company has a debt-to-equity ratio of 8.89, a current ratio of 1.70 and a quick ratio of 1.91. The stock has a market capitalization of £730.26 million, a price-to-earnings ratio of 11.33 and a beta of 0.69. The stock has a 50-day moving average of GBX 998.64 and a 200 day moving average of GBX 941.29.

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”).