M.P. Evans Group (LON:MPE) Stock Price Passes Below 200 Day Moving Average of $908.67

M.P. Evans Group PLC (LON:MPE – Get Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 908.67 ($11.13) and traded as low as GBX 895.59 ($10.97). M.P. Evans Group shares last traded at GBX 916 ($11.22), with a volume of 67,805 shares.

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 1,140 ($13.96) target price on shares of M.P. Evans Group in a research note on Tuesday, April 12th.

The firm’s 50 day moving average price is GBX 977.58 and its 200-day moving average price is GBX 908.67. The stock has a market cap of £499.13 million and a P/E ratio of 6.97. The company has a debt-to-equity ratio of 15.97, a current ratio of 2.13 and a quick ratio of 1.68.

In other news, insider K Chandra Sekaran sold 14,000 shares of the company’s stock in a transaction that occurred on Friday, April 22nd. The shares were sold at an average price of GBX 1,061 ($13.00), for a total value of £148,540 ($181,945.12).

M.P. Evans Group Company Profile (LON:MPE)

M.P. Evans Group PLC, through its subsidiaries, engages in the ownership, management, and development of oil palm plantations in Indonesia. It operates through Plantation Indonesia and Property Malaysia segments. The company produces crude palm oil and palm kernels. It 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.

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