Anglo-Eastern Plantations (LON:AEP) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Anglo-Eastern Plantations Plc (LON:AEP) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,118.75 and traded as low as GBX 194.20. Anglo-Eastern Plantations shares last traded at GBX 194.40, with a volume of 4,460,833 shares changing hands.

Analyst Upgrades and Downgrades

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

Anglo-Eastern Plantations Stock Down 1.0%

The stock has a 50-day moving average price of GBX 181.50 and a 200-day moving average price of GBX 1,118.75. The company has a market capitalization of £741.75 million, a P/E ratio of 8.26 and a beta of 0.13. The company has a debt-to-equity ratio of 2.46, a current ratio of 2.93 and a quick ratio of 5.67.

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