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

Shares of M.P. Evans Group PLC (LON:MPEGet 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 %

The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.89. The company’s 50-day moving average price is GBX 1,026.07 and its 200-day moving average price is GBX 985.25. The firm has a market cap of £645.23 million, a price-to-earnings ratio of 10.01 and a beta of 0.69.

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

(Get Free Report)

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”).

See Also

Receive News & Ratings for M.P. Evans Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M.P. Evans Group and related companies with MarketBeat.com's FREE daily email newsletter.