R.E.A. (LON:RE) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

R.E.A. Holdings plc (LON:RE) shares crossed 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.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 260 price target on shares of R.E.A. in a report on Friday, June 19th. One 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 target price of GBX 260.

R.E.A. Trading Up 2.3%

The business’s 50-day moving average is GBX 109.24 and its two-hundred day moving average is GBX 111.18. 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 capitalization of £61.01 million, a PE ratio of 18.65, a price-to-earnings-growth 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.