R.E.A. Holdings plc (LON:RE – Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 114.67 and traded as low as GBX 108. R.E.A. shares last traded at GBX 108, with a volume of 16,535 shares trading hands.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 260 target price on shares of R.E.A. in a research report on Friday, June 19th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, R.E.A. has an average rating of “Buy” and an average target price of GBX 260.
Read Our Latest Stock Report on R.E.A.
R.E.A. Price Performance
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.
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