Anglo-Eastern Plantations (LON:AEP) Shares Down 10.1% – Should You Sell?

Anglo-Eastern Plantations Plc (LON:AEP)’s share price was down 10.1% on Monday. The company traded as low as GBX 171.80 and last traded at GBX 176.60. 1,522,035 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 2,628,133 shares. The stock had previously closed at GBX 196.40.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their price target on shares of Anglo-Eastern Plantations from GBX 250 to GBX 275 and gave the company a “buy” rating in a research note on Friday, September 4th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 275.

Anglo-Eastern Plantations Price Performance

The stock has a market capitalization of £672.16 million, a price-to-earnings ratio of 7.51 and a beta of 0.13. The company has a quick ratio of 5.67, a current ratio of 2.93 and a debt-to-equity ratio of 2.46. The business’s 50 day simple moving average is GBX 194.37 and its 200-day simple moving average is GBX 918.75.

Anglo-Eastern Plantations declared that its Board of Directors has approved a stock repurchase plan on Monday, July 6th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are 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.