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

Restore plc (LON:RST) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 264.99 and traded as high as GBX 268. Restore shares last traded at GBX 268, with a volume of 142,058 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on RST. Canaccord Genuity Group reissued a “buy” rating and set a GBX 307 target price on shares of Restore in a research report on Monday, December 15th. 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. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 324.67.

Restore Stock Up 0.0%

The stock has a market cap of £359.53 million, a P/E ratio of 39.56, a P/E/G ratio of 0.41 and a beta of 0.57. 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 fifty day moving average is GBX 264.99 and its 200 day moving average is GBX 259.03.

Insider Transactions at Restore

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