Restore plc (LON:RST – Get 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%
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
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
- Five stocks we like better than Restore
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Receive News & Ratings for Restore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restore and related companies with MarketBeat.com's FREE daily email newsletter.
