R.E.A. (LON:RE) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

R.E.A. Holdings plc (LON:RE) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 113.65 and traded as high as GBX 114. R.E.A. shares last traded at GBX 111, with a volume of 69,216 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 260 target price on shares of R.E.A. in a report on Friday, June 19th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 260.

R.E.A. Stock Performance

The stock has a market cap of £60.47 million, a PE ratio of 18.48, a price-to-earnings-growth ratio of 0.82 and a beta of 0.44. The company has a debt-to-equity ratio of 78.03, a current ratio of 1.11 and a quick ratio of 1.04. The business has a 50 day moving average price of GBX 113.65 and a two-hundred day moving average price of GBX 116.78.

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.