Restore (LON:RST) Shares Cross Above Fifty Day Moving Average – What’s Next?

Restore plc (LON:RST) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 263.16 and traded as high as GBX 273. Restore shares last traded at GBX 271, with a volume of 200,087 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 435 target price 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.com, the stock has an average rating of “Buy” and an average target price of GBX 367.33.

Restore Price Performance

The firm has a 50 day moving average of GBX 263.27 and a 200-day moving average of GBX 257.65. 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 company has a market cap of £382.37 million, a P/E ratio of -61.17, a P/E/G ratio of 0.41 and a beta of 0.11.

Insider Activity

In other news, insider Dan Baker sold 55,795 shares of Restore stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of GBX 261, for a total transaction of £145,624.95. 16.32% of the stock is currently owned by insiders.

Restore Company Profile

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.