M.P. Evans Group (LON:MPE) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

M.P. Evans Group PLC (LON:MPE)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 979.87 ($12.64) and traded as high as GBX 1,034.50 ($13.34). M.P. Evans Group shares last traded at GBX 990 ($12.77), with a volume of 115,056 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price objective on shares of M.P. Evans Group from GBX 1,400 ($18.06) to GBX 1,500 ($19.35) and gave the company a “buy” rating in a report on Friday, March 28th.

M.P. Evans Group Trading Down 2.5 %

The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.89. The stock has a market capitalization of £642.63 million, a P/E ratio of 9.97 and a beta of 0.69. The company has a fifty day simple moving average of GBX 1,031.16 and a two-hundred day simple moving average of GBX 979.87.

M.P. Evans Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, April 24th will be given a GBX 37.50 ($0.48) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This is a positive change from M.P. Evans Group’s previous dividend of $15.00. This represents a dividend yield of 3.64%. M.P. Evans Group’s payout ratio is currently 48.36%.

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”).