Share Buyback Program Announced by Anglo-Eastern Plantations (LON:AEP) Board of Directors

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

Anglo-Eastern Plantations Trading Up 0.6%

Shares of Anglo-Eastern Plantations stock traded up GBX 1 during trading on Tuesday, hitting GBX 160. The stock had a trading volume of 392,364 shares, compared to its average volume of 3,786,070. The company has a quick ratio of 5.67, a current ratio of 8.69 and a debt-to-equity ratio of 0.09. The company has a market capitalization of £61.41 million, a PE ratio of 6.91 and a beta of 0.13. Anglo-Eastern Plantations has a 1 year low of GBX 82.72 and a 1 year high of GBX 229. The stock has a 50 day simple moving average of GBX 1,492.73 and a 200 day simple moving average of 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.