R.E.A. (LON:RE) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

R.E.A. Holdings plc (LON:RE) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 116.21 and traded as low as GBX 103. R.E.A. shares last traded at GBX 107, with a volume of 31,569 shares.

Wall Street Analysts Forecast Growth

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

R.E.A. Trading Up 1.9%

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 fifty day moving average of GBX 112.30 and a 200-day moving average of GBX 116.21. The company has a market cap of £59.38 million, a PE ratio of 18.15, a PEG ratio of 0.82 and a beta of 0.45.

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.