Restore (LON:RST) Shares Pass Above 50-Day Moving Average – Should You Sell?

Restore plc (LON:RST) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 263.16 and traded as high as GBX 273. Restore shares last traded at GBX 271, with a volume of 200,087 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 435 price objective 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 data from MarketBeat, Restore currently has an average rating of “Buy” and an average price target of GBX 367.33.

Restore Price Performance

The company has a market capitalization of £360.42 million, a P/E ratio of -57.66, a price-to-earnings-growth ratio of 0.41 and a beta of 0.11. The business’s 50-day moving average is GBX 263.16 and its two-hundred day moving average is GBX 257.63. The company has a quick ratio of 1.28, a current ratio of 0.93 and a debt-to-equity ratio of 118.39.

Insider Activity 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 shares were sold at an average price of GBX 261, for a total transaction of £145,624.95. 16.32% of the stock is currently owned by corporate 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.