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

Restore plc (LON:RST) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 261.24 and traded as high as GBX 270. Restore shares last traded at GBX 269, with a volume of 804,491 shares traded.

Analyst Ratings Changes

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

Restore Stock Down 1.5%

The firm has a market capitalization of £359.46 million, a price-to-earnings ratio of -57.23, a P/E/G ratio of 0.41 and a beta of 0.12. The firm has a fifty day moving average price of GBX 261.24 and a 200 day moving average price of GBX 257.60. The company has a current ratio of 0.93, a quick ratio of 1.28 and a debt-to-equity ratio of 118.39.

Restore announced that its board has authorized a share buyback plan on Monday, March 16th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign 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 the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of GBX 261, for a total value of £145,624.95. Insiders own 16.26% of the company’s stock.

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.