R.E.A. (LON:RE) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

R.E.A. Holdings plc (LON:RE) passed 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 trading hands.

Wall Street Analysts Forecast Growth

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

R.E.A. Stock Up 2.3%

The business’s fifty day moving average price is GBX 109.24 and its 200 day moving average price is GBX 111.18. The firm has a market capitalization of £61.01 million, a price-to-earnings ratio of 18.65, a PEG ratio of 0.82 and a beta of 0.45. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 78.03.

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.