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 reiterated by equities researchers at Canaccord Genuity Group in a research note issued to investors on Friday,Digital Look reports. They presently have a GBX 260 target price on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 130.09% from the stock’s current price.

R.E.A. Price Performance

LON RE opened at GBX 113 on Friday. The business’s 50 day simple moving average is GBX 115.37 and its two-hundred day simple moving average is GBX 117.32. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 78.03. The company has a market cap of £61.56 million, a PE ratio of 18.81, 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.