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

R.E.A. Holdings plc (LON:RE) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 115.55 and traded as low as GBX 108. R.E.A. shares last traded at GBX 108, with a volume of 53,612 shares changing hands.

Analyst Ratings Changes

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

R.E.A. Stock Performance

The firm’s 50-day moving average is GBX 110.77 and its 200 day moving average is GBX 115.55. The stock has a market cap of £60.47 million, a PE ratio of 18.48, a P/E/G ratio of 0.82 and a beta of 0.45. The company has a debt-to-equity ratio of 78.03, a quick ratio of 1.04 and a current ratio of 1.11.

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.