R.E.A. Holdings plc (LON:RE – Get Free Report)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 112.41 and traded as high as GBX 113. R.E.A. shares last traded at GBX 110.50, with a volume of 30,420 shares.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group raised their target price on shares of R.E.A. from GBX 260 to GBX 280 and gave the stock a “speculative buy” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, R.E.A. has an average rating of “Buy” and an average price target of GBX 280.
Check Out 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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