Restore (LON:RST) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Restore plc (LON:RST)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 249.21 and traded as high as GBX 270. Restore shares last traded at GBX 262.50, with a volume of 168,848 shares traded.

Analyst Ratings Changes

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

Restore Trading Down 0.6%

The stock has a market cap of £351.90 million, a price-to-earnings ratio of -55.85, a P/E/G ratio of 0.41 and a beta of 0.12. The business’s fifty day simple moving average is GBX 249.21 and its 200 day simple moving average is GBX 253.40. The company has a debt-to-equity ratio of 118.39, a current ratio of 0.93 and a quick ratio of 1.28.

Restore (LON:RST) last released its quarterly earnings data on Thursday, March 12th. The company reported GBX 22.50 EPS for the quarter. Restore had a net margin of 0.43% and a return on equity of 0.58%. On average, research analysts predict that Restore plc will post 20.4953032 EPS for the current year.

Restore declared that its board has approved a share repurchase program on Monday, March 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.