R.E.A. (LON:RE) Given New GBX 280 Price Target at Canaccord Genuity Group

R.E.A. (LON:RE) had its price target upped by analysts at Canaccord Genuity Group from GBX 260 to GBX 280 in a research note issued on Friday, Digital Look reports. The brokerage presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 131.40% from the stock’s current price.

R.E.A. Stock Down 2.8%

Shares of R.E.A. stock opened at GBX 121 on Friday. The stock has a market capitalization of £65.92 million, a P/E ratio of 20.15, a PEG ratio of 0.82 and a beta of 0.45. The business has a 50 day moving average of GBX 112.06 and a 200 day moving average of GBX 111.19. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 78.03.

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.