Restore (LON:RST) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Restore plc (LON:RST) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 246.43 and traded as high as GBX 266.92. Restore shares last traded at GBX 266.92, with a volume of 95,768 shares.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Berenberg Bank restated a “buy” rating and set a GBX 360 price target on shares of Restore in a research report on Wednesday, October 29th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 307 target price on shares of Restore in a research note on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 324.67.

Restore Price Performance

The firm has a 50 day moving average price of GBX 246.43 and a two-hundred day moving average price of GBX 257.03. The company has a market cap of £362.05 million, a P/E ratio of 39.84, a P/E/G ratio of 0.41 and a beta of 0.57. The company has a debt-to-equity ratio of 100.35, a quick ratio of 1.28 and a current ratio of 1.07.

Insider Transactions at Restore

In other Restore news, insider Patrick Butcher purchased 19,076 shares of the stock in a transaction dated Tuesday, December 9th. The shares were bought at an average price of GBX 262 per share, with a total value of £49,979.12. Also, insider Charles Skinner purchased 11,001 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were acquired at an average price of GBX 273 per share, for a total transaction of £30,032.73. 15.87% of the stock is owned by company 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.