R.E.A. (LON:RE) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of R.E.A. Holdings plc (LON:RE) crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 112.62 and traded as low as GBX 108. R.E.A. shares last traded at GBX 113, with a volume of 911 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price objective on R.E.A. from GBX 260 to GBX 280 and gave the stock a “speculative buy” rating in a report on Friday, September 25th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 280.

R.E.A. Trading Up 2.7%

The firm’s fifty day simple moving average is GBX 112.65 and its 200 day simple moving average is GBX 112.63. The company has a debt-to-equity ratio of 80.61, a quick ratio of 1.04 and a current ratio of 1.36. The stock has a market capitalization of £61.56 million, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 0.82 and a beta of 0.45.

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.