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

Anglo-Eastern Plantations Plc (LON:AEP)’s share price fell 10.1% during mid-day trading on Monday. The stock traded as low as GBX 171.80 and last traded at GBX 176.60. 1,522,035 shares were traded 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.

Analyst Upgrades and Downgrades

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

Anglo-Eastern Plantations Stock Performance

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

Anglo-Eastern Plantations announced that its Board of Directors has approved a stock repurchase program on Monday, July 6th that authorizes the company to buy back 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication 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.