Restore (LON:RST) Share Price Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

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Shares of Restore plc (LON:RST - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 263.80 ($3.57) and traded as high as GBX 264 ($3.57). Restore shares last traded at GBX 264 ($3.57), with a volume of 556,533 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 404 target price on shares of Restore in a report on Tuesday, July 29th. Peel Hunt reaffirmed a "buy" rating and set a GBX 307 target price on shares of Restore in a report on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Restore has an average rating of "Buy" and a consensus target price of GBX 363.67.

Restore Stock Performance

The firm has a market cap of £351.81 million, a P/E ratio of 92.17, a price-to-earnings-growth 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 business's fifty day simple moving average is GBX 264.23 and its 200-day simple moving average is GBX 244.35.

Restore (LON:RST - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported GBX 10 earnings per share (EPS) for the quarter. Restore had a net margin of 1.37% and a return on equity of 1.64%. As a group, sell-side analysts expect that Restore plc will post 20.4953032 earnings per share for the current year.

About Restore

Restore plc, together with its subsidiaries, provides services to offices and workplaces in the public and private sectors primarily in the United Kingdom. The company operates through two segments, Digital & Information Management, and Secure Lifecycle Services. The company provides document management and recycling; document storage and retrieval; physical, seasonal, and on-site document scanning and IT; relocation; document collection and destruction services; data destruction and recycling of all types of IT assets, such as laptops, servers, and network equipment; recycling electrical waste; software imaging, physical installation, and asset tagging; and hardware and software upgrades and decommissioning solutions through repurposing, recycling, or destruction.