Could R.E.A. Holdings plc See a Reversal After Breaking Its 52-Week High?

 Could R.E.A. Holdings plc See a Reversal After Breaking Its 52 Week High?

The stock of R.E.A. Holdings plc (LON:RE) hit a new 52-week high and has GBX 827.54 target or 157.00% above today’s GBX 322.00 share price. The 8 months bullish chart indicates low risk for the GBX 124.93M company. The 1-year high was reported on Nov, 15 by Barchart.com. If the GBX 827.54 price target is reached, the company will be worth GBX 196.14M 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 increased 12.20% or GBX 35 on November 15, hitting GBX 322. About 20,100 shares traded hands or 238.84% up from the average. R.E.A. Holdings plc (LON:RE) has declined 8.16% since April 15, 2016 and is downtrending. It has underperformed by 12.09% 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. The stock of R.E.A. Holdings plc (LON:RE) has “Hold” rating given on Monday, July 18 by FinnCap. As per Friday, December 4, the company rating was maintained by FinnCap. The firm earned “Buy” rating on Wednesday, June 29 by Mirabaud. The rating was maintained by FinnCap with “Hold” on Friday, September 11. FinnCap maintained R.E.A. Holdings plc (LON:RE) on Wednesday, August 5 with “Hold” rating. On Monday, April 25 the stock rating was maintained by FinnCap with “Hold”.

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 124.93 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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