Shares of R.E.A. Holdings plc (LON:RE – Get Free Report) passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 111.57 and traded as low as GBX 107. R.E.A. shares last traded at GBX 109, with a volume of 19,447 shares trading hands.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group upped their price target on R.E.A. from GBX 260 to GBX 280 and gave the company a “speculative buy” rating in a research report on Friday, September 25th. One investment 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 price target of GBX 280.
View Our Latest Stock Report on RE
R.E.A. Price 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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