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

Anglo-Eastern Plantations Plc (LON:AEP)’s stock price fell 1.6% on Tuesday. The stock traded as low as GBX 145.80 and last traded at GBX 146.40. 240,705 shares traded hands during trading, a decline of 91% from the average session volume of 2,548,455 shares. The stock had previously closed at GBX 148.80.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their price objective 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 research analyst has rated the stock with a Buy rating. According to MarketBeat, Anglo-Eastern Plantations has an average rating of “Buy” and an average target price of GBX 275.

Anglo-Eastern Plantations Trading Down 1.6%

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

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.