Insider Selling: M.P. Evans Group PLC (LON:MPE) Insider Sells £63,448.32 in Stock

M.P. Evans Group PLC (LON:MPE) insider Matthew Coulson sold 6,448 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of GBX 984 ($13.13), for a total value of £63,448.32 ($84,631.61).

M.P. Evans Group Stock Down 4.3 %

Shares of LON:MPE opened at GBX 938 ($12.51) on Friday. The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.89. The firm has a 50 day simple moving average of GBX 1,008.90 and a 200-day simple moving average of GBX 986.40. The company has a market capitalization of £608.88 million, a PE ratio of 9.45 and a beta of 0.69. M.P. Evans Group PLC has a twelve month low of GBX 806 ($10.75) and a twelve month high of GBX 1,130 ($15.07).

M.P. Evans Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, April 24th will be paid a GBX 37.50 ($0.50) dividend. This represents a yield of 3.64%. The ex-dividend date of this dividend is Thursday, April 24th. This is an increase from M.P. Evans Group’s previous dividend of $15.00. M.P. Evans Group’s dividend payout ratio is currently 48.36%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,500 ($20.01) price target on shares of M.P. Evans Group in a report on Thursday, April 17th.

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”).