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

Restore plc (LON:RSTGet Free Report)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 244.83 and traded as high as GBX 249. Restore shares last traded at GBX 245.50, with a volume of 1,466,383 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target on Restore from GBX 425 to GBX 435 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 367.33.

Check Out Our Latest Stock Analysis on RST

Restore Stock Up 2.3%

The stock has a fifty day moving average of GBX 244.83 and a 200-day moving average of GBX 252.34. The company has a current ratio of 0.93, a quick ratio of 1.28 and a debt-to-equity ratio of 118.39. The firm has a market capitalization of £330.63 million, a price-to-earnings ratio of -52.23, a PEG ratio of 0.41 and a beta of 0.11.

Restore (LON:RSTGet Free Report) last posted its earnings results on Thursday, March 12th. The company reported GBX 22.50 EPS for the quarter. Restore had a return on equity of 0.58% and a net margin of 0.43%. As a group, sell-side analysts expect that Restore plc will post 20.4953032 EPS for the current year.

Restore declared that its Board of Directors has initiated a stock buyback plan on Monday, March 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Restore Company Profile

(Get Free Report)

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.

Further Reading

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