M.P. Evans Group (LON:MPE) Share Price Crosses Below 200-Day Moving Average - Time to Sell?

M.P. Evans Group PLC (LON:MPE - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 969.96 ($12.55) and traded as low as GBX 946 ($12.24). M.P. Evans Group shares last traded at GBX 958 ($12.40), with a volume of 32,861 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their target price on M.P. Evans Group from GBX 1,400 ($18.12) to GBX 1,500 ($19.41) and gave the stock a "buy" rating in a research note on Friday.

M.P. Evans Group Price Performance

The stock has a market capitalization of £649.12 million, a price-to-earnings ratio of 10.07 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 8.89. The company's 50 day moving average is GBX 1,028.30 and its 200 day moving average is GBX 973.46.

M.P. Evans Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, April 24th will be given a dividend of GBX 37.50 ($0.49) per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 3.64%. This is a boost from M.P. Evans Group's previous dividend of $15.00. M.P. Evans Group's payout ratio is 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”).