Restore (LON:RST) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• Restore plc's share price surged above its 50-day moving average on Tuesday, reaching a high of GBX 267.50 ($3.59) during trading.
• Brokerages maintain a Buy rating on Restore shares, with price targets ranging from GBX 307 to GBX 404, indicating positive growth expectations.
• The company reported earnings of GBX 10 per share for the last quarter, with analysts projecting EPS of approximately 20.50 for the current fiscal year.

Restore plc (LON:RST - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 263.44 ($3.54) and traded as high as GBX 267.50 ($3.59). Restore shares last traded at GBX 265 ($3.56), with a volume of 669,244 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RST. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 360 price objective on shares of Restore in a research report on Tuesday, September 2nd. Peel Hunt reaffirmed a "buy" rating and issued a GBX 307 price objective on shares of Restore in a research report on Tuesday, July 29th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 404 price objective on shares of Restore in a research report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 362.75.

Restore Stock Performance

The company has a market cap of £356.73 million, a PE ratio of 3,925.37, 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 50-day simple moving average is GBX 263.44 and its two-hundred day simple moving average is GBX 253.31.

Restore (LON:RST - Get Free Report) last posted 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, research analysts anticipate that Restore plc will post 20.4953032 earnings per share for the current fiscal year.

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.

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