R.E.A. (LON:RE) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of R.E.A. Holdings plc (LON:RE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 111.18 and traded as high as GBX 115. R.E.A. shares last traded at GBX 112, with a volume of 82,193 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 260 price objective on shares of R.E.A. in a report on Friday, June 19th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, R.E.A. has an average rating of “Buy” and an average price target of GBX 260.

R.E.A. Stock Performance

The stock’s 50 day moving average price is GBX 109.40 and its 200 day moving average price is GBX 111.04. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 78.03. The company has a market cap of £60.20 million, a price-to-earnings ratio of 18.40, a P/E/G ratio of 0.82 and a beta of 0.45.

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.