Restore (LON:RST) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Restore plc (LON:RST) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 305.08 and traded as high as GBX 308. Restore shares last traded at GBX 307.75, with a volume of 527,390 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently commented on RST. Berenberg Bank increased their target price on Restore from GBX 380 to GBX 430 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 435 price objective on shares of Restore in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 432.50.

Restore Price Performance

The firm has a market capitalization of £403.21 million, a P/E ratio of -57.84, a PEG ratio of 0.41 and a beta of 0.12. The company has a debt-to-equity ratio of 123.00, a quick ratio of 1.28 and a current ratio of 0.87. The firm has a 50-day moving average of GBX 305.08 and a 200-day moving average of GBX 273.59.

Insider Buying and Selling at Restore

In other Restore news, insider Richard Staveley purchased 5,812 shares of the firm’s stock in a transaction dated Monday, October 26th. The stock was purchased at an average price of GBX 312 per share, for a total transaction of £18,133.44. Insiders acquired a total of 15,990 shares of company stock valued at $4,968,524 in the last three months. 16.49% of the stock is owned by 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.