Restore (LON:RST) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Restore plc (LON:RST) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 256.19 and traded as low as GBX 230. Restore shares last traded at GBX 230, with a volume of 469,890 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 360 target price on shares of Restore in a research report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Restore has an average rating of “Buy” and an average target price of GBX 357.

Restore Price Performance

The firm has a market capitalization of £311.97 million, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 0.41 and a beta of 0.57. The company has a quick ratio of 1.28, a current ratio of 1.07 and a debt-to-equity ratio of 100.35. The company’s fifty day moving average is GBX 243.28 and its two-hundred day moving average is GBX 256.19.

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.