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

Shares of Restore plc (LON:RST) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 305.08 and traded as high as GBX 308. Restore shares last traded at GBX 307.75, with a volume of 527,390 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RST. Berenberg Bank raised their price target on shares of Restore from GBX 380 to GBX 430 and gave the company a “buy” rating in a report on Tuesday, July 28th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 435 price objective on shares of Restore in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 432.50.

Restore Stock Down 1.8%

The business’s fifty day simple moving average is GBX 305.56 and its 200 day simple moving average is GBX 273.76. The stock has a market cap of £391.95 million, a price-to-earnings ratio of -56.23, a price-to-earnings-growth ratio of 0.41 and a beta of 0.12. The company has a current ratio of 0.87, a quick ratio of 1.28 and a debt-to-equity ratio of 123.00.

Insider Activity

In related news, insider Richard Staveley bought 4,835 shares of the company’s stock in a transaction on Monday, October 26th. The shares were purchased at an average cost of GBX 310 per share, for a total transaction of £14,988.50. Insiders bought 15,990 shares of company stock valued at $4,968,524 in the last ninety days. 16.49% of the stock is owned by corporate insiders.

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.