Restore (LON:RST) Stock Crosses Above 50-Day Moving Average – What’s Next?

Shares of Restore plc (LON:RST) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 252.28 and traded as high as GBX 270. Restore shares last traded at GBX 268, with a volume of 329,652 shares traded.

Wall Street Analysts Forecast Growth

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

Restore Stock Performance

The company has a market cap of £359.28 million, a price-to-earnings ratio of -57.02, a price-to-earnings-growth ratio of 0.41 and a beta of 0.12. The stock’s fifty day simple moving average is GBX 252.28 and its two-hundred day simple moving average is GBX 254.23. The company has a debt-to-equity ratio of 118.39, a quick ratio of 1.28 and a current ratio of 0.93.

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

Restore declared that its Board of Directors has authorized a share buyback plan on Monday, March 16th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Restore

In other Restore news, insider Dan Baker sold 55,795 shares of Restore stock in a transaction on Thursday, May 21st. The shares were sold at an average price of GBX 261, for a total value of £145,624.95. 15.89% of the stock is currently owned by company 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.