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

Key Points

• Restore plc (LON:RST) shares have crossed above their 50-day moving average of GBX 264.52, indicating a potential bullish trend.
• Analysts from Peel Hunt and Canaccord Genuity reaffirmed a "buy" rating for Restore with target prices of GBX 307 and GBX 404, respectively.
• The company's recent earnings report showed an EPS of GBX 10 with a net margin of 1.37%, and projections indicate an expected EPS of approximately 20.5 for the current year.

Restore plc (LON:RST - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 264.52 ($3.57) and traded as high as GBX 272 ($3.67). Restore shares last traded at GBX 268.68 ($3.62), with a volume of 95,799 shares changing hands.

Wall Street Analyst Weigh In

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

Restore Price Performance

The company has a debt-to-equity ratio of 100.35, a quick ratio of 1.28 and a current ratio of 1.07. The company has a market capitalization of £351.43 million, a PE ratio of 92.07, a P/E/G ratio of 0.41 and a beta of 0.57. The company's 50-day simple moving average is GBX 264.52 and its 200-day simple moving average is GBX 244.82.

Restore (LON:RST - Get Free Report) last issued its quarterly earnings data 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 anticipate 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.

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