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

M.P. Evans Group PLC (LON:MPE)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 872.62 ($11.32) and traded as high as GBX 928 ($12.03). M.P. Evans Group shares last traded at GBX 922 ($11.96), with a volume of 76,343 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 1,250 ($16.21) price target on shares of M.P. Evans Group in a research note on Wednesday, September 18th.

M.P. Evans Group Price Performance

The company’s 50 day moving average price is GBX 905.38 and its 200-day moving average price is GBX 873.13. The stock has a market cap of £497.38 million, a P/E ratio of 1,002.13 and a beta of 0.69. The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.72.

M.P. Evans Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a dividend of GBX 15 ($0.19) per share. This represents a dividend yield of 1.76%. The ex-dividend date was Thursday, October 10th. M.P. Evans Group’s payout ratio is currently 5,106.38%.

M.P. Evans Group Company Profile

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