R.E.A. (LON:RE) Now Covered by Canaccord Genuity Group

Canaccord Genuity Group assumed coverage on shares of R.E.A. (LON:RE) in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage set a “speculative buy” rating and a GBX 260 price target on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 133.18% from the stock’s previous close.

R.E.A. Stock Performance

LON RE remained flat at GBX 111.50 during midday trading on Thursday. 12,825 shares of the company’s stock traded hands, compared to its average volume of 1,621. The firm has a market cap of £60.74 million, a price-to-earnings ratio of 18.56, a PEG ratio of 0.82 and a beta of 0.51. The firm’s 50 day simple moving average is GBX 107.24 and its two-hundred day simple moving average is GBX 91.57. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 97.73.

Insider Buying and Selling

In other R.E.A. news, insider David Blackett purchased 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were acquired at an average price of GBX 101 per share, for a total transaction of £45,450. 41.43% of the stock is owned by company insiders.

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.