Restore (LON:RST) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Restore plc (LON:RST)’s stock price 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.

Wall Street Analysts Forecast Growth

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

Restore Trading Up 3.1%

The company has a current ratio of 0.93, a quick ratio of 1.28 and a debt-to-equity ratio of 118.39. The stock has a 50 day simple moving average of GBX 252.28 and a 200-day simple moving average of GBX 254.23. The firm has a market cap of £359.28 million, a P/E ratio of -57.02, a P/E/G ratio of 0.41 and a beta of 0.12.

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

Restore announced that its board has initiated a share buyback program on Monday, March 16th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Restore

In other Restore news, insider Dan Baker sold 55,795 shares of Restore stock in a transaction that occurred on Thursday, May 21st. The stock was 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 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.