Restore (LON:RST) Share Price Crosses Above Fifty Day Moving Average - Time to 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)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 264.52 ($3.58) and traded as high as GBX 272 ($3.68). Restore shares last traded at GBX 268.68 ($3.64), with a volume of 95,799 shares trading hands.

Analyst Ratings Changes

RST has been the topic of several analyst reports. Peel Hunt reaffirmed a "buy" rating and issued a GBX 307 target price on shares of Restore in a 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 report on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Restore presently has a consensus rating of "Buy" and a consensus target price of GBX 363.67.

Restore Trading Down 2.7%

The company has a quick ratio of 1.28, a current ratio of 1.07 and a debt-to-equity ratio of 100.35. The business's fifty day simple moving average is GBX 264.26 and its two-hundred day simple moving average is GBX 246.16. The company has a market cap of £347.24 million, a price-to-earnings ratio of 3,820.90, a PEG ratio of 0.41 and a beta of 0.57.

Restore (LON:RST - Get Free Report) last released its quarterly earnings data 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%. On average, equities analysts predict that Restore plc will post 20.4953032 EPS for the current year.

Restore Company Profile

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.