Anglo-Eastern Plantations (LON:AEP) Coverage Initiated by Analysts at Canaccord Genuity Group

Canaccord Genuity Group initiated coverage on shares of Anglo-Eastern Plantations (LON:AEP) in a report released on Friday, MarketBeat.com reports. The firm issued a buy rating and a GBX 250 price target on the stock.

Anglo-Eastern Plantations Price Performance

AEP stock opened at GBX 180 on Friday. Anglo-Eastern Plantations has a 1 year low of GBX 88.40 and a 1 year high of GBX 229. 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 firm has a market capitalization of £690.47 million, a PE ratio of 7.78 and a beta of 0.13. The business has a 50 day simple moving average of GBX 839.23 and a 200-day simple moving average of GBX 1,389.08.

Anglo-Eastern Plantations announced that its Board of Directors has initiated a share repurchase program on Monday, July 6th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership 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.