M.P. Evans Group (LON:MPE) Shares Pass Above 200 Day Moving Average – Here’s What Happened

M.P. Evans Group PLC (LON:MPE)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,473.96 and traded as high as GBX 1,520. M.P. Evans Group shares last traded at GBX 1,520, with a volume of 136,076 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,750 price target on shares of M.P. Evans Group in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 1,750.

M.P. Evans Group Stock Up 0.9%

The stock has a 50-day moving average of GBX 1,620.40 and a 200 day moving average of GBX 1,475.67. The company has a market capitalization of £785.59 million, a PE ratio of 7.11 and a beta of 0.32.

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”).

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.