R.E.A. (LON:RE) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of R.E.A. Holdings plc (LON:RE) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 113.89 and traded as low as GBX 106. R.E.A. shares last traded at GBX 110, with a volume of 33,872 shares.

Analyst Upgrades and Downgrades

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

R.E.A. Stock Performance

The company has a debt-to-equity ratio of 78.03, a current ratio of 1.11 and a quick ratio of 1.04. The stock’s 50 day simple moving average is GBX 110.12 and its two-hundred day simple moving average is GBX 113.80. The stock has a market cap of £59.11 million, a P/E ratio of 18.06, 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.