R.E.A. (LON:RE) Shares Pass Above 50 Day Moving Average – Should You Sell?

R.E.A. Holdings plc (LON:RE)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 117.11 and traded as high as GBX 135.56. R.E.A. shares last traded at GBX 133, with a volume of 89,432 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group assumed coverage on R.E.A. in a research note on Thursday, November 13th. They set a “speculative buy” rating and a GBX 260 target price for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 260.

R.E.A. Trading Up 3.1%

The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 97.73. The company has a market capitalization of £72.45 million, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 0.82 and a beta of 0.51. The business has a fifty day moving average price of GBX 117.11 and a 200 day moving average price of GBX 104.96.

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.