Restore (LON:RST) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Restore plc (LON:RST)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 258.52 and traded as high as GBX 258.90. Restore shares last traded at GBX 258, with a volume of 280,615 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 435 price objective on shares of Restore in a research note on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 367.33.

Restore Price Performance

The company has a current ratio of 0.93, a quick ratio of 1.28 and a debt-to-equity ratio of 118.39. The stock has a 50-day moving average price of GBX 259.25 and a 200 day moving average price of GBX 257.46. The stock has a market capitalization of £352.78 million, a price-to-earnings ratio of -56.17, a PEG ratio of 0.41 and a beta of 0.12.

Restore declared that its Board of Directors has initiated a share repurchase program on Monday, March 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity at Restore

In other news, insider Dan Baker sold 55,795 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of GBX 261, for a total value of £145,624.95. 16.26% of the stock is owned by company insiders.

About Restore

We provide secure and sustainable business services for data, information, communications and assets.

Restore plc leads the markets it serves. Supporting public and private sectors with critical services, income is highly predictable, recurring in nature and generates strong cashflows. We provide integrated information and data management, business digitisation, secure recycling of paper and technology assets, and commercial relocation solutions.

The Group has over 75 sites providing national scale with local service.