R.E.A. Holdings plc (LON:RE – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 113.65 and traded as high as GBX 114. R.E.A. shares last traded at GBX 111, with a volume of 69,216 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 260 target price 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 MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 260.
R.E.A. Stock Performance
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.
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