M.P. Evans Group (LON:MPE) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

M.P. Evans Group PLC (LON:MPEGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,225.26 and traded as high as GBX 1,290. M.P. Evans Group shares last traded at GBX 1,270, with a volume of 49,474 shares trading hands.

Analyst Upgrades and Downgrades

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

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M.P. Evans Group Price Performance

The company has a debt-to-equity ratio of 8.89, a quick ratio of 1.91 and a current ratio of 1.70. The stock has a market cap of £662.64 million, a price-to-earnings ratio of 6.30 and a beta of 0.69. The company has a 50-day simple moving average of GBX 1,309.55 and a two-hundred day simple moving average of GBX 1,225.26.

About M.P. Evans Group

(Get Free Report)

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”).

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