M.P. Evans Group (LON:MPE) Stock Price Down 2.2% - What's Next?

M.P. Evans Group PLC (LON:MPE - Get Free Report)'s share price traded down 2.2% during mid-day trading on Friday . The company traded as low as GBX 974 ($12.42) and last traded at GBX 974 ($12.42). 8,307 shares were traded during trading, a decline of 79% from the average session volume of 39,279 shares. The stock had previously closed at GBX 996 ($12.70).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 1,250 ($15.94) price objective on shares of M.P. Evans Group in a research note on Wednesday, September 18th.

M.P. Evans Group Trading Down 2.2 %

The firm's 50 day simple moving average is GBX 947.38 and its two-hundred day simple moving average is GBX 893.18. The stock has a market capitalization of £514.27 million, a P/E ratio of 1,036.17 and a beta of 0.69. The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.72.

M.P. Evans Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were given a GBX 15 ($0.19) dividend. This represents a yield of 1.76%. The ex-dividend date was Thursday, October 10th. M.P. Evans Group's payout ratio is 5,106.38%.

Insiders Place Their Bets

In other news, insider K Chandra Sekaran sold 820 shares of M.P. Evans Group stock in a transaction dated Monday, November 4th. The shares were sold at an average price of GBX 940 ($11.98), for a total transaction of £7,708 ($9,826.62). Over the last quarter, insiders have sold 8,850 shares of company stock worth $8,238,000. Corporate insiders own 48.63% of the company's stock.

M.P. Evans Group Company Profile

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.