Restore (LON:RST) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Restore plc (LON:RST) passed 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 trading hands.

Analyst Ratings Changes

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

Restore Price Performance

The company has a debt-to-equity ratio of 100.35, a current ratio of 1.07 and a quick ratio of 1.28. The stock has a market capitalization of £362.05 million, a PE ratio of 39.84, a price-to-earnings-growth ratio of 0.41 and a beta of 0.57. The stock’s 50 day moving average is GBX 246.43 and its two-hundred day moving average is GBX 257.01.

Insiders Place Their Bets

In related news, insider Patrick Butcher acquired 19,076 shares of Restore stock in a transaction dated Tuesday, December 9th. The shares were acquired at an average cost of GBX 262 per share, for a total transaction of £49,979.12. Also, insider Charles Skinner acquired 11,001 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were bought at an average cost of GBX 273 per share, for a total transaction of £30,032.73. Insiders own 15.87% 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.