R.E.A. (LON:RE) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

R.E.A. Holdings plc (LON:RE) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 117.14 and traded as low as GBX 106. R.E.A. shares last traded at GBX 111, with a volume of 33,099 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 260 price objective on shares of R.E.A. in a research report on Friday, June 19th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 260.

R.E.A. Trading Down 0.5%

The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 78.03. The stock has a market capitalization of £60.20 million, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 0.82 and a beta of 0.44. The business has a 50 day simple moving average of GBX 114.79 and a 200-day simple moving average of GBX 117.14.

About R.E.A.

R.E.A. Holdings plc engages in the cultivation of oil palms in the province of East Kalimantan in Indonesia. It operates in two segments, the Cultivation of Oil Palms; and Stone, Sand and Coal Interests. The company also produces and sells crude palm oil and crude palm kernel oil. In addition, it is involved in the production and sale of crushed stone; coal and sand mining; and generation of renewable energy from its methane capture plants. Further, the company holds interests in stone and sand deposits, and coal mining concessions located in East Kalimantan.