M.P. Evans Group (LON:MPE) Stock Crosses Below 200 Day Moving Average – Should You Sell?

M.P. Evans Group PLC (LON:MPE)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,282.70 and traded as low as GBX 1,230. M.P. Evans Group shares last traded at GBX 1,250, with a volume of 249,975 shares.

Wall Street Analysts Forecast Growth

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

M.P. Evans Group Trading Up 0.8%

The firm has a market cap of £657.42 million, a price-to-earnings ratio of 6.25 and a beta of 0.69. The business has a fifty day moving average of GBX 1,252.20 and a two-hundred day moving average of GBX 1,282.70. The company has a debt-to-equity ratio of 8.89, a quick ratio of 1.91 and a current ratio of 1.70.

Insiders Place Their Bets

In other news, insider Matthew Coulson sold 9,330 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of GBX 1,232, for a total value of £114,945.60. Company insiders own 8.66% of the company’s stock.

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”).

The Group was founded by Matthew Pennefather Evans in the 1870s and its long history in tropical agriculture includes experience in tea and rubber plantations.