Canaccord Genuity Group Reaffirms Speculative Buy Rating for R.E.A. (LON:RE)

R.E.A. (LON:RE)‘s stock had its “speculative buy” rating restated by investment analysts at Canaccord Genuity Group in a research report issued on Friday,Digital Look reports. They presently have a GBX 260 target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 130.09% from the company’s current price.

R.E.A. Stock Performance

LON:RE opened at GBX 113 on Friday. 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 market cap of £61.56 million, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 0.82 and a beta of 0.45. The company has a 50 day moving average price of GBX 115.37 and a 200-day moving average price of GBX 117.32.

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.