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

M.P. Evans Group PLC (LON:MPE) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 938.08 ($11.81) and traded as high as GBX 1,105 ($13.91). M.P. Evans Group shares last traded at GBX 1,090 ($13.72), with a volume of 168,927 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price objective on M.P. Evans Group from GBX 1,350 ($16.99) to GBX 1,400 ($17.62) and gave the company a “buy” rating in a report on Tuesday, January 21st.

M.P. Evans Group Price Performance

The company has a market cap of £707.54 million, a PE ratio of 10.98 and a beta of 0.69. The company has a debt-to-equity ratio of 8.89, a quick ratio of 1.91 and a current ratio of 1.70. The stock has a 50 day moving average of GBX 996.47 and a 200-day moving average of GBX 940.17.

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”).