Restore (LON:RST) Shares Cross Above 50-Day Moving Average – What’s Next?

Restore plc (LON:RST – Get Free Report)’s stock price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 296.70 and traded as high as GBX 309. Restore shares last traded at GBX 306.25, with a volume of 218,462 shares traded.

Analysts Set New Price Targets

RST has been the subject of a number of recent research reports. Canaccord Genuity Group reissued a “buy” rating and set a GBX 435 price target on shares of Restore in a research report on Tuesday, July 28th. Berenberg Bank raised their target price on shares of Restore from GBX 380 to GBX 430 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Two investment 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 price target of GBX 432.50.

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Restore Stock Performance

The company has a current ratio of 0.87, a quick ratio of 1.28 and a debt-to-equity ratio of 123.00. The firm has a market capitalization of £405.34 million, a P/E ratio of -57.99, a price-to-earnings-growth ratio of 0.41 and a beta of 0.12. The business’s 50 day simple moving average is GBX 297.42 and its two-hundred day simple moving average is GBX 270.85.

Restore (LON:RST – Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported GBX 3.60 earnings per share (EPS) for the quarter. Restore had a net margin of 0.87% and a return on equity of 1.30%. Sell-side analysts anticipate that Restore plc will post 20.4953032 EPS for the current fiscal year.

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.

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