Restore (LON:RST) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Restore plc (LON:RST) shares crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 305.08 and traded as high as GBX 308. Restore shares last traded at GBX 307.75, with a volume of 527,390 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on RST shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 435 price objective on shares of Restore in a research report on Tuesday, July 28th. Berenberg Bank raised their price target on Restore from GBX 380 to GBX 430 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 432.50.

Restore Stock Performance

The company has a debt-to-equity ratio of 123.00, a quick ratio of 1.28 and a current ratio of 0.87. The business’s 50-day moving average price is GBX 305.08 and its 200-day moving average price is GBX 273.59. The stock has a market cap of £403.21 million, a P/E ratio of -57.84, a P/E/G ratio of 0.41 and a beta of 0.12.

Insider Activity

In other news, insider Richard Staveley acquired 4,835 shares of the firm’s stock in a transaction dated Monday, October 26th. The shares were purchased at an average cost of GBX 310 per share, for a total transaction of £14,988.50. Insiders have acquired 15,990 shares of company stock valued at $4,968,524 over the last three months. Corporate insiders own 16.49% 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.