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

Restore plc (LON:RSTGet Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 262.75 and traded as high as GBX 275. Restore shares last traded at GBX 271, with a volume of 340,393 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 435 target price on shares of Restore in a research report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 367.33.

Check Out Our Latest Stock Analysis on Restore

Restore Trading Up 0.4%

The firm’s 50 day moving average is GBX 262.75 and its 200 day moving average is GBX 257.46. The company has a market cap of £360.42 million, a PE ratio of -57.66, a PEG ratio of 0.41 and a beta of 0.11. 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 declared that its Board of Directors has approved a stock buyback plan on Monday, March 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Restore

In other news, insider Dan Baker sold 55,795 shares of the company’s 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. 16.32% of the stock is owned by company insiders.

Restore Company Profile

(Get Free Report)

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.

Further Reading

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