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

R.E.A. Holdings plc (LON:RE) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 112.99 and traded as low as GBX 107. R.E.A. shares last traded at GBX 107, with a volume of 15,926 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued 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, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 260.

R.E.A. Stock Down 0.9%

The company has a market cap of £59.38 million, a P/E ratio of 18.15, a P/E/G ratio of 0.82 and a beta of 0.45. The company has a 50-day simple moving average of GBX 109.41 and a 200 day simple moving average of GBX 112.97. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 78.03.

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.