Anglo-Eastern Plantations (LON:AEP) Stock Falls 10.1% – What’s Next?

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their price target 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 equities research analyst has rated the stock with a Buy rating. According to MarketBeat, Anglo-Eastern Plantations has a consensus rating of “Buy” and an average price target of GBX 275.

Anglo-Eastern Plantations Price Performance

The stock has a market cap of £685.10 million, a PE ratio of 7.65 and a beta of 0.13. 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 50 day moving average is GBX 194.39 and its 200-day moving average is GBX 897.86.

Anglo-Eastern Plantations declared that its board has authorized a share repurchase plan on Monday, July 6th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Share repurchase plans are usually an indication that the company’s leadership 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.