M.P. Evans Group (LON:MPE) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

M.P. Evans Group PLC (LON:MPE)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 969.96 ($12.53) and traded as low as GBX 946 ($12.22). M.P. Evans Group shares last traded at GBX 958 ($12.38), with a volume of 32,861 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 ($17.44) to GBX 1,400 ($18.09) and gave the stock a “buy” rating in a report on Tuesday, January 21st.

M.P. Evans Group Trading Down 0.0 %

The company has a 50 day moving average of GBX 1,024.12 and a 200 day moving average of GBX 969.96. The firm has a market cap of £621.86 million, a P/E ratio of 9.65 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.

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”).