M.P. Evans Group PLC (LON:MPE) Insider Sells £7,708 in Stock

M.P. Evans Group PLC (LON:MPE) insider K Chandra Sekaran sold 820 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of GBX 940 ($12.24), for a total transaction of £7,708 ($10,033.85).

K Chandra Sekaran also recently made the following trade(s):

• On Wednesday, November 6th, K Chandra Sekaran sold 3,980 shares of M.P. Evans Group stock. The shares were sold at an average price of GBX 940 ($12.24), for a total transaction of £37,412 ($48,700.86).

M.P. Evans Group Price Performance

Shares of MPE opened at GBX 920 ($11.98) on Friday. The firm has a market capitalization of £485.76 million, a PE ratio of 978.72 and a beta of 0.69. The company’s 50-day moving average is GBX 910.82 and its 200-day moving average is GBX 875.53. M.P. Evans Group PLC has a fifty-two week low of GBX 706 ($9.19) and a fifty-two week high of GBX 994 ($12.94). The company has a debt-to-equity ratio of 8.72, a current ratio of 1.70 and a quick ratio of 1.91.

M.P. Evans Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a GBX 15 ($0.20) dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a dividend yield of 1.76%. M.P. Evans Group’s payout ratio is currently 5,106.38%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,250 ($16.27) price target on shares of M.P. Evans Group in a report on Wednesday, September 18th.

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.