Insider Selling: M.P. Evans Group PLC (LON:MPE) Insider Sells £37,260 in Stock

M.P. Evans Group PLC (LON:MPE) insider K Chandra Sekaran sold 4,050 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of GBX 920 ($11.59), for a total value of £37,260 ($46,956.52).

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 ($11.85), for a total value of £37,412 ($47,148.08).
• On Monday, November 4th, K Chandra Sekaran sold 820 shares of M.P. Evans Group stock. The shares were sold at an average price of GBX 940 ($11.85), for a total value of £7,708 ($9,713.93).

M.P. Evans Group Price Performance

MPE opened at GBX 992 ($12.50) on Friday. The stock’s 50-day moving average price is GBX 917.38 and its 200 day moving average price is GBX 878.14. M.P. Evans Group PLC has a 12-month low of GBX 706 ($8.90) and a 12-month high of GBX 1,012.09 ($12.75). The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.72. The firm has a market cap of £523.78 million, a price-to-earnings ratio of 1,055.32 and a beta of 0.69.

M.P. Evans Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were paid a dividend of GBX 15 ($0.19) per share. This represents a yield of 1.76%. The ex-dividend date of this dividend was Thursday, October 10th. M.P. Evans Group’s payout ratio is 5,106.38%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,250 ($15.75) price target on shares of M.P. Evans Group in a research note on Wednesday, September 18th.

M.P. Evans Group Company Profile

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.