Anglo-Eastern Plantations (LON:AEP) Approves Share Buyback Plan

Anglo-Eastern Plantations (LON:AEP) declared that its board has approved a share buyback plan on Monday, July 6th, RTT News reports. The company plans to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Anglo-Eastern Plantations Stock Performance

Shares of Anglo-Eastern Plantations stock traded up GBX 1 on Tuesday, reaching GBX 160. The stock had a trading volume of 392,364 shares, compared to its average volume of 3,786,070. The stock has a market cap of £61.41 million, a P/E ratio of 6.91 and a beta of 0.13. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.67 and a current ratio of 8.69. Anglo-Eastern Plantations has a fifty-two week low of GBX 82.72 and a fifty-two week high of GBX 229. The business’s 50-day moving average price is GBX 1,492.73 and its two-hundred day moving average price is GBX 1,540.62.

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.