Anglo-Eastern Plantations (LON:AEP) Shares Break Below Two Hundred Day Moving Average – Time to Sell?

Shares of Anglo-Eastern Plantations Plc (LON:AEP) passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 856.31 and traded as low as GBX 171.80. Anglo-Eastern Plantations shares last traded at GBX 172.60, with a volume of 319,060 shares changing hands.

Analyst Upgrades and Downgrades

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

Anglo-Eastern Plantations Trading Down 0.9%

The company has a current ratio of 2.93, a quick ratio of 5.67 and a debt-to-equity ratio of 2.46. The company’s fifty day moving average is GBX 194.29 and its 200-day moving average is GBX 845.21. The firm has a market capitalization of £656.17 million, a P/E ratio of 7.33 and a beta of 0.13.

Anglo-Eastern Plantations declared that its Board of Directors has approved a stock repurchase program on Monday, July 6th that permits the company to buy back 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

About Anglo-Eastern Plantations

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.