Restore (LON:RST) Share Price Crosses Above Fifty Day Moving Average - Should You Sell?

Key Points

• Restore plc's share price has recently crossed above its fifty day moving average of GBX 263.80, reaching a high of GBX 268.
• Four analysts currently rate Restore shares as a Buy, with price targets ranging from GBX 307 to GBX 404, while the consensus price target stands at GBX 362.75.
• Restore's recent earnings report indicated a net margin of 1.37% and anticipated earnings per share (EPS) of approximately 20.50 for the current year.

Restore plc (LON:RST - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 263.80 ($3.54) and traded as high as GBX 268 ($3.60). Restore shares last traded at GBX 267 ($3.59), with a volume of 61,900 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RST shares. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 404 price target on shares of Restore in a report on Tuesday, July 29th. Peel Hunt reissued a "buy" rating and issued a GBX 307 price target on shares of Restore in a report on Tuesday, July 29th. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 360 price objective on shares of Restore in a research note on Tuesday, September 2nd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of GBX 362.75.

Restore Trading Down 1.7%

The business's 50 day simple moving average is GBX 263.80 and its 200-day simple moving average is GBX 252.06. The stock has a market capitalization of £356.06 million, a P/E ratio of 3,917.91, a PEG ratio of 0.41 and a beta of 0.57. The company has a debt-to-equity ratio of 100.35, a current ratio of 1.07 and a quick ratio of 1.28.

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

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