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

M.P. Evans Group PLC (LON:MPE) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,473.96 and traded as high as GBX 1,520. M.P. Evans Group shares last traded at GBX 1,520, with a volume of 136,076 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,750 target price on shares of M.P. Evans Group in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 1,750.

M.P. Evans Group Price Performance

The stock has a market cap of £792.89 million, a PE ratio of 7.18 and a beta of 0.32. The business has a fifty day moving average of GBX 1,624.84 and a 200-day moving average of GBX 1,473.96.

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.