R.E.A. (LON:RE) Price Target Raised to GBX 280

R.E.A. (LON:RE) had its target price increased by Canaccord Genuity Group from GBX 260 to GBX 280 in a research report sent to investors on Friday,Digital Look reports. They currently have a speculative buy rating on the stock.

R.E.A. Stock Performance

LON:RE opened at GBX 118 on Friday. The company has a market capitalization of £64.28 million, a PE ratio of 19.65, a price-to-earnings-growth ratio of 0.82 and a beta of 0.45. The company has a debt-to-equity ratio of 78.03, a quick ratio of 1.04 and a current ratio of 1.11. The stock has a 50-day simple moving average of GBX 112.34 and a two-hundred day simple moving average of GBX 111.31.

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.