Shares of M.P. Evans Group PLC (LON:MPE – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 985.25 ($12.99) and traded as low as GBX 954.49 ($12.59). M.P. Evans Group shares last traded at GBX 994 ($13.11), with a volume of 145,675 shares.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group boosted their price objective on M.P. Evans Group from GBX 1,400 ($18.46) to GBX 1,500 ($19.78) and gave the company a “buy” rating in a research report on Friday, March 28th.
Read Our Latest Stock Report on MPE
M.P. Evans Group Trading Up 1.8 %
M.P. Evans Group Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, April 24th will be issued a dividend of GBX 37.50 ($0.49) per share. This represents a yield of 3.64%. This is an increase from M.P. Evans Group’s previous dividend of $15.00. The ex-dividend date of this dividend is Thursday, April 24th. M.P. Evans Group’s payout ratio is 48.36%.
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”).
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