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

R.E.A. Holdings plc (LON:RE) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 116.21 and traded as low as GBX 103. R.E.A. shares last traded at GBX 107, with a volume of 31,569 shares changing hands.

Wall Street Analyst Weigh In

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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, R.E.A. has a consensus rating of “Buy” and an average price target of GBX 260.

R.E.A. Trading Up 1.9%

The business has a 50 day moving average of GBX 112.30 and a 200-day moving average of GBX 116.21. The stock has a market cap of £59.38 million, a PE ratio of 18.15, a price-to-earnings-growth ratio of 0.82 and a beta of 0.45. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 78.03.

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.