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

Shares of M.P. Evans Group PLC (LON:MPE) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,530.25 and traded as high as GBX 1,716. M.P. Evans Group shares last traded at GBX 1,626, with a volume of 118,544 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their price objective on shares of M.P. Evans Group from GBX 1,750 to GBX 1,900 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 1,900.

M.P. Evans Group Stock Performance

The stock has a market cap of £844.27 million, a P/E ratio of 7.68 and a beta of 0.31. The company has a 50-day simple moving average of GBX 1,563.26 and a 200-day simple moving average of GBX 1,532.93.

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”).

The Group was founded by Matthew Pennefather Evans in the 1870s and its long history in tropical agriculture includes experience in tea and rubber plantations.