Restore plc (LON:RST – Get 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 262.75 and traded as high as GBX 275. Restore shares last traded at GBX 271, with a volume of 340,393 shares traded.
Analyst Ratings Changes
Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 435 price objective on shares of Restore in a research note on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 367.33.
Get Our Latest Stock Report on RST
Restore Stock Up 0.4%
Restore declared that its board has approved a stock buyback program on Monday, March 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
Insider Buying and Selling at Restore
In other news, insider Dan Baker sold 55,795 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of GBX 261, for a total transaction of £145,624.95. Corporate insiders own 16.32% 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.
Further Reading
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