The stock of R.E.A. Holdings plc (LON:RE) hit a new 52-week high and has GBX 914.16 target or 193.00% above today’s GBX 312.00 share price. The 7 months bullish chart indicates low risk for the GBX 116.60M company. The 1-year high was reported on Nov, 3 by Barchart.com. If the GBX 914.16 price target is reached, the company will be worth GBX 225.04M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 2.50% or GBX 8 on November 3, hitting GBX 312. About 1,000 shares traded hands. R.E.A. Holdings plc (LON:RE) has risen 10.34% since April 6, 2016 and is uptrending. It has outperformed by 9.13% the S&P500.
R.E.A. Holdings plc (LON:RE) Ratings Coverage
Out of 2 analysts covering R E A Holdings PLC (LON:RE), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. R E A Holdings PLC has been the topic of 6 analyst reports since August 5, 2015 according to StockzIntelligence Inc. FinnCap maintained it with “Hold” rating and GBX 350 target price in Friday, December 4 report. The stock has “Hold” rating given by FinnCap on Friday, September 11. Mirabaud maintained R.E.A. Holdings plc (LON:RE) on Wednesday, June 29 with “Buy” rating. The stock has “Hold” rating given by FinnCap on Monday, April 25. FinnCap maintained it with “Hold” rating and GBX 350 target price in Monday, July 18 report. The rating was maintained by FinnCap with “Hold” on Wednesday, August 5.
More news for R.E.A. Holdings plc (LON:RE) were recently published by: Wsj.com, which released: “SoftBank to Buy ARM Holdings for $32 Billion” on July 18, 2016. Wsj.com‘s article titled: “HSBC Earnings Hit by Market Volatility” and published on May 03, 2016 is yet another important article.
R.E.A. Holdings plc is a United Kingdom firm engaged in the cultivation of oil palms in the province of East Kalimantan in Indonesia and in the production of crude palm oil and crude palm kernel oil. The company has a market cap of 116.60 million GBP. The Firm operates in two divisions: the cultivation of oil palms, and stone and coal operations. It currently has negative earnings. The Firm holds an investment in a stone deposit, which is located close to the agricultural activities and holds approximately three coal mining concessions.
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