M.P. Evans Group (LON:MPE) Share Price Passes Above 200 Day Moving Average of $847.11

M.P. Evans Group PLC (LON:MPE) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 847.11 ($11.34) and traded as high as GBX 930 ($12.45). M.P. Evans Group shares last traded at GBX 923.54 ($12.37), with a volume of 83,221 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,250 ($16.74) target price on shares of M.P. Evans Group in a research report on Wednesday, September 18th.

M.P. Evans Group Trading Up 2.6 %

The company has a debt-to-equity ratio of 8.72, a current ratio of 1.70 and a quick ratio of 1.91. The stock’s 50-day moving average is GBX 867.20 and its two-hundred day moving average is GBX 848.33. The company has a market cap of £507.94 million, a P/E ratio of 1,045.65 and a beta of 0.69.

M.P. Evans Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a GBX 15 ($0.20) dividend. This represents a dividend yield of 1.76%. The ex-dividend date of this dividend is Thursday, October 10th. M.P. Evans Group’s payout ratio is 5,217.39%.

About M.P. Evans Group

M.P. Evans Group PLC, through its subsidiaries, engages in the ownership and development of oil palm plantations in Indonesia and Malaysia. The company operates through Plantation, Property, and Other segments. It produces and sells crude palm oil and palm kernels. The company is also involved in the property development; and oil-palm fresh fruit bunches production businesses, as well as provision of agronomic and management consultancy services.