R.E.A. Holdings plc’s Stock Is Buy After Reaching 52-Week High

 R.E.A. Holdings plc's Stock Is Buy After Reaching 52 Week High

The stock of R.E.A. Holdings plc (LON:RE) hit a new 52-week high and has GBX 326.48 target or 6.00% above today’s GBX 308.00 share price. The 8 months bullish chart indicates low risk for the GBX 109.67M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 326.48 price target is reached, the company will be worth GBX 6.58M 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 0.16% or GBX 0.5 on November 25, hitting GBX 308. About 16,118 shares traded hands or 98.52% up from the average. R.E.A. Holdings plc (LON:RE) has declined 1.28% since April 28, 2016 and is downtrending. It has underperformed by 6.69% 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 R.E.A. Holdings plc (LON:RE) on Friday, September 11 with “Hold” rating. The rating was maintained by FinnCap with “Hold” on Monday, July 18. The rating was maintained by FinnCap with “Hold” on Wednesday, August 5. FinnCap maintained R.E.A. Holdings plc (LON:RE) on Friday, December 4 with “Hold” rating. The company was maintained on Monday, April 25 by FinnCap. On Wednesday, June 29 the stock rating was maintained by Mirabaud with “Buy”.

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 109.67 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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