Insider Selling: M.P. Evans Group PLC (LON:MPE) Insider Sells 4,050 Shares of Stock

M.P. Evans Group PLC (LON:MPE) insider K Chandra Sekaran sold 4,050 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of GBX 920 ($11.59), for a total value of £37,260 ($46,956.52).

K Chandra Sekaran also recently made the following trade(s):

• On Wednesday, November 6th, K Chandra Sekaran sold 3,980 shares of M.P. Evans Group stock. The shares were sold at an average price of GBX 940 ($11.85), for a total value of £37,412 ($47,148.08).
• On Monday, November 4th, K Chandra Sekaran sold 820 shares of M.P. Evans Group stock. The shares were sold at an average price of GBX 940 ($11.85), for a total value of £7,708 ($9,713.93).

M.P. Evans Group Stock Performance

Shares of MPE opened at GBX 992 ($12.50) on Friday. The company has a market capitalization of £523.78 million, a price-to-earnings ratio of 1,055.32 and a beta of 0.69. M.P. Evans Group PLC has a 52-week low of GBX 706 ($8.90) and a 52-week high of GBX 1,012.09 ($12.75). The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.72. The stock has a 50 day moving average price of GBX 917.38 and a 200 day moving average price of GBX 878.14.

M.P. Evans Group Cuts Dividend

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,250 ($15.75) price target on shares of M.P. Evans Group in a research report on Wednesday, September 18th.

About M.P. Evans Group

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.