Restore (LON:RST) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Restore plc (LON:RST) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 257.32 and traded as low as GBX 236. Restore shares last traded at GBX 236.08, with a volume of 97,106 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 404 price objective on shares of Restore in a report on Tuesday, July 29th. Berenberg Bank reiterated a “buy” rating and set a GBX 360 price target on shares of Restore in a research note on Wednesday, October 29th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 307 price target on shares of Restore in a research report on Tuesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Restore presently has an average rating of “Buy” and a consensus target price of GBX 362.75.

Restore Stock Performance

The stock has a market capitalization of £321.53 million, a PE ratio of 35.38, a price-to-earnings-growth ratio of 0.41 and a beta of 0.57. The company has a quick ratio of 1.28, a current ratio of 1.07 and a debt-to-equity ratio of 100.35. The stock has a fifty day moving average of GBX 254.09 and a 200-day moving average of GBX 257.32.

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.