R.E.A. (LON:RE) Stock Passes Below 200 Day Moving Average – Should You Sell?

R.E.A. Holdings plc (LON:RE)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 114.72 and traded as low as GBX 110.08. R.E.A. shares last traded at GBX 112, with a volume of 27,962 shares traded.

Analyst Ratings Changes

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

R.E.A. Stock Performance

The firm’s 50 day simple moving average is GBX 126.76 and its 200 day simple moving average is GBX 114.72. 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 0.51. The company has a debt-to-equity ratio of 107.31, a quick ratio of 1.04 and a current ratio of 1.02.

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.