Restore (LON:RST) Shares Pass Below 200-Day Moving Average – Time to Sell?

Restore plc (LON:RST) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 257.27 and traded as low as GBX 246. Restore shares last traded at GBX 254, with a volume of 217,699 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 307 price objective on shares of Restore in a report on Monday, December 15th. Three equities research 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 Trading Down 0.4%

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 has a 50-day moving average price of GBX 264.56 and a 200-day moving average price of GBX 257.19. The company has a market capitalization of £343.17 million, a price-to-earnings ratio of 37.76, a PEG ratio of 0.41 and a beta of 0.57.

Insider Transactions at Restore

In other Restore news, insider Patrick Butcher purchased 19,076 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were purchased at an average cost of GBX 262 per share, for a total transaction of £49,979.12. Also, insider Charles Skinner purchased 11,001 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was acquired at an average cost of GBX 273 per share, with a total value of £30,032.73. 15.89% of the stock is owned by insiders.

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.