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

M.P. Evans Group PLC (LON:MPE) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,311.42 and traded as high as GBX 1,470. M.P. Evans Group shares last traded at GBX 1,460, with a volume of 391,822 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,650 target price on shares of M.P. Evans Group in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, M.P. Evans Group currently has an average rating of “Buy” and a consensus price target of GBX 1,650.

M.P. Evans Group Price Performance

The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.91 and a current ratio of 3.43. The company’s fifty day moving average price is GBX 1,348.86 and its 200 day moving average price is GBX 1,313.84. The firm has a market capitalization of £769.60 million, a price-to-earnings ratio of 7.32 and a beta of 0.69.

Insider Buying and Selling

In other news, insider Matthew Coulson sold 9,330 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of GBX 1,232, for a total transaction of £114,945.60. 8.70% of the stock is currently owned by insiders.

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”).

The Group was founded by Matthew Pennefather Evans in the 1870s and its long history in tropical agriculture includes experience in tea and rubber plantations.