M.P. Evans Group (LON:MPE) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

M.P. Evans Group PLC (LON:MPE)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 969.96 ($12.49) and traded as low as GBX 946 ($12.18). M.P. Evans Group shares last traded at GBX 958 ($12.33), with a volume of 32,861 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their price target on shares of M.P. Evans Group from GBX 1,350 ($17.38) to GBX 1,400 ($18.02) and gave the company a “buy” rating in a research report on Tuesday, January 21st.

M.P. Evans Group Stock Performance

The company has a market capitalization of £662.11 million, a PE ratio of 10.28 and a beta of 0.69. 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’s fifty day simple moving average is GBX 1,025.68 and its 200-day simple moving average is GBX 971.15.

M.P. Evans Group Increases Dividend

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

M.P. Evans Group Company Profile

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”).