Anglo-Eastern Plantations (LON:AEP) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Anglo-Eastern Plantations (LON:AEP) had its price target upped by investment analysts at Canaccord Genuity Group from GBX 250 to GBX 275 in a research report issued on Friday, Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 41.17% from the stock’s previous close.

Anglo-Eastern Plantations Stock Up 1.5%

Shares of LON AEP traded up GBX 2.80 during mid-day trading on Friday, reaching GBX 194.80. The company had a trading volume of 1,474,437 shares, compared to its average volume of 2,945,263. The stock has a fifty day moving average of GBX 175.93 and a two-hundred day moving average of GBX 1,171.84. The company has a debt-to-equity ratio of 2.46, a quick ratio of 5.67 and a current ratio of 2.93. The company has a market capitalization of £745.47 million, a price-to-earnings ratio of 8.42 and a beta of 0.13. Anglo-Eastern Plantations has a 12-month low of GBX 117.37 and a 12-month high of GBX 229.

Anglo-Eastern Plantations declared that its Board of Directors has approved a share buyback plan on Monday, July 6th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Anglo-Eastern Plantations Company Profile

Anglo-Eastern Plantations Plc, quoted on the London Stock Exchange, owns, operates and develops plantations in Indonesia and Malaysia, which produce mainly palm oil and some rubber. The Group is committed to responsible development and management of its plantations and facilities for the benefit of the environment and society in which it operates in.