Restore (LON:RST) Shares Cross Above 50-Day Moving Average – Time to Sell?

Restore plc (LON:RST) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 254.68 and traded as high as GBX 285. Restore shares last traded at GBX 285, with a volume of 68,412 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RST shares. Berenberg Bank reissued a “buy” rating and set a GBX 360 price objective on shares of Restore in a report on Wednesday, October 29th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 307 target price on shares of Restore in a research report on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 324.67.

Restore Price Performance

The company has a current ratio of 1.07, a quick ratio of 1.28 and a debt-to-equity ratio of 100.35. The firm’s 50-day moving average price is GBX 255.59 and its 200-day moving average price is GBX 258.10. The stock has a market capitalization of £385.22 million, a PE ratio of 42.39, a PEG ratio of 0.41 and a beta of 0.57.

Insider Buying and Selling

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

Restore Company Profile

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.