R.E.A. (LON:RE) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

R.E.A. Holdings plc (LON:RE) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 114.21 and traded as low as GBX 110.50. R.E.A. shares last traded at GBX 110.50, with a volume of 7,600 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price objective on R.E.A. from GBX 260 to GBX 280 and gave the stock a “speculative buy” rating in a report on Friday, September 25th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 280.

R.E.A. Trading Up 4.1%

The company has a debt-to-equity ratio of 67.39, a quick ratio of 1.04 and a current ratio of 1.36. The company’s fifty day simple moving average is GBX 113.23 and its 200-day simple moving average is GBX 114.04. The company has a market capitalization of £62.65 million, a P/E ratio of 19.15, a PEG 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.