Anglo-Eastern Plantations (LON:AEP) Board of Directors Approves Stock Buyback Program

Anglo-Eastern Plantations (LON:AEP) declared that its Board of Directors has initiated a stock buyback plan on Monday, July 6th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Anglo-Eastern Plantations Stock Up 0.6%

Anglo-Eastern Plantations stock traded up GBX 1 during midday trading on Tuesday, reaching GBX 160. The company’s stock had a trading volume of 392,364 shares, compared to its average volume of 3,786,070. The company has a debt-to-equity ratio of 0.09, a current ratio of 8.69 and a quick ratio of 5.67. The stock has a market capitalization of £61.41 million, a P/E ratio of 6.91 and a beta of 0.13. The stock’s 50-day simple moving average is GBX 1,492.73 and its 200-day simple moving average is GBX 1,540.62. Anglo-Eastern Plantations has a 52-week low of GBX 82.72 and a 52-week high of GBX 229.

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.