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

M.P. Evans Group PLC (LON:MPE) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,547 and traded as high as GBX 1,692. M.P. Evans Group shares last traded at GBX 1,674, with a volume of 32,516 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their price objective on M.P. Evans Group from GBX 1,750 to GBX 1,900 and gave the company a “buy” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 1,900.

M.P. Evans Group Price Performance

The company has a market cap of £866.30 million, a P/E ratio of 7.88 and a beta of 0.32. The company has a fifty day simple moving average of GBX 1,576.27 and a 200-day simple moving average of GBX 1,547.

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”).

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.