Anglo-Eastern Plantations (LON:AEP) Price Target Raised to GBX 275

Anglo-Eastern Plantations (LON:AEP) had its target price upped by Canaccord Genuity Group from GBX 250 to GBX 275 in a research note issued to investors on Friday morning,Digital Look reports. Canaccord Genuity Group currently has a buy rating on the stock.

Anglo-Eastern Plantations Stock Performance

LON AEP opened at GBX 196.40 on Friday. The firm has a market cap of £751.59 million, a P/E ratio of 8.49 and a beta of 0.13. The company has a quick ratio of 5.67, a current ratio of 2.93 and a debt-to-equity ratio of 2.46. The company’s 50 day moving average is GBX 176.75 and its 200-day moving average is GBX 1,162.70. Anglo-Eastern Plantations has a 12-month low of GBX 117.37 and a 12-month high of GBX 229.

Anglo-Eastern Plantations declared that its board has authorized a share repurchase plan on Monday, July 6th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management 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.