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

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 changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set 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 company presently has an average rating of “Buy” and a consensus price target of GBX 260.

R.E.A. Stock Performance

The firm has a 50 day simple moving average of GBX 113.50 and a 200-day simple moving average of GBX 116.64. 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 company has a market cap of £58.83 million, a price-to-earnings ratio of 17.98, a PEG ratio of 0.82 and a beta of 0.44.

R.E.A. Company Profile

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.