R.E.A. (LON:RE) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

R.E.A. (LON:RE) had its price target increased by research analysts at Canaccord Genuity Group from GBX 260 to GBX 280 in a research report issued on Friday, Digital Look reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 131.40% from the company’s current price.

R.E.A. Trading Down 2.8%

RE stock opened at GBX 121 on Friday. The stock has a market capitalization of £65.92 million, a PE ratio of 20.15, a P/E/G ratio of 0.82 and a beta of 0.45. The company has a debt-to-equity ratio of 78.03, a quick ratio of 1.04 and a current ratio of 1.11. The stock has a fifty day simple moving average of GBX 112.06 and a two-hundred day simple moving average of GBX 111.19.

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.