Restore (LON:RST) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Restore plc (LON:RST) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 253.58 and traded as low as GBX 238. Restore shares last traded at GBX 242.40, with a volume of 1,269,150 shares changing hands.

Wall Street Analyst Weigh In

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

Restore Trading Up 0.1%

The company has a debt-to-equity ratio of 118.39, a quick ratio of 1.28 and a current ratio of 0.93. The stock has a market capitalization of £327.91 million, a PE ratio of 36.08, a price-to-earnings-growth ratio of 0.41 and a beta of 0.07. The business’s 50-day moving average is GBX 250.62 and its two-hundred day moving average is GBX 253.58.

Restore (LON:RST) last announced its quarterly earnings data on Thursday, March 12th. The company reported GBX 22.50 EPS for the quarter. Restore had a net margin of 0.43% and a return on equity of 0.58%. As a group, equities research analysts anticipate that Restore plc will post 20.4953032 earnings per share for the current year.

Restore declared that its Board of Directors has initiated a share repurchase program on Monday, March 16th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.