M.P. Evans Group (LON:MPE) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of M.P. Evans Group PLC (LON:MPE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 901.14 ($11.30) and traded as high as GBX 950 ($11.92). M.P. Evans Group shares last traded at GBX 948 ($11.89), with a volume of 15,899 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,250 ($15.68) price objective on shares of M.P. Evans Group in a research note on Wednesday, September 18th.

M.P. Evans Group Trading Down 0.2 %

The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.72. The company has a market cap of £500.54 million, a price-to-earnings ratio of 1,008.51 and a beta of 0.69. The firm has a 50 day moving average price of GBX 952.28 and a two-hundred day moving average price of GBX 902.50.

Insider Activity at M.P. Evans Group

In other M.P. Evans Group news, insider K Chandra Sekaran sold 820 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of GBX 940 ($11.79), for a total transaction of £7,708 ($9,667.63). Insiders have sold 8,850 shares of company stock worth $8,238,000 over the last ninety days. Insiders own 48.63% of the company’s stock.

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”).