Anglo-Eastern Plantations (LON:AEP) Stock Falls 1.6% – Should You Sell?

Anglo-Eastern Plantations Plc (LON:AEP) shares were down 1.6% during mid-day trading on Tuesday. The company traded as low as GBX 145.80 and last traded at GBX 146.40. Approximately 240,705 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 2,548,455 shares. The stock had previously closed at GBX 148.80.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their target price on 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 analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 275.

Anglo-Eastern Plantations Trading Down 1.6%

The business’s 50 day moving average price is GBX 183.89 and its 200-day moving average price is GBX 960.10. 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 has a market cap of £556.12 million, a price-to-earnings ratio of 6.22 and a beta of 0.13.

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.