M.P. Evans Group (LON:MPE) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

M.P. Evans Group PLC (LON:MPE)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 956.71 ($12.24) and traded as high as GBX 1,040 ($13.30). M.P. Evans Group shares last traded at GBX 1,040 ($13.30), with a volume of 34,544 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their price target on shares of M.P. Evans Group from GBX 1,350 ($17.27) to GBX 1,400 ($17.91) 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 capitalization of £672.33 million, a P/E ratio of 10.43 and a beta of 0.69. The firm’s fifty day moving average is GBX 1,020.56 and its 200 day moving average is GBX 956.71. The company has a debt-to-equity ratio of 8.89, a quick ratio of 1.91 and a current ratio of 1.70.

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”).