Restore (LON:RST) Stock Passes Above 50-Day Moving Average - Here's Why

Key Points

• Restore plc's shares have surpassed their 50-day moving average of GBX 264.35, trading as high as GBX 270 ($3.66).
• Four analysts have given Restore a "Buy" rating, with price targets ranging from GBX 307 to GBX 404.
• Restore's stock has a market cap of £359.45 million and reported earnings per share (EPS) of GBX 10 for the last quarter.

Shares of Restore plc (LON:RST - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 264.35 ($3.56) and traded as high as GBX 270 ($3.64). Restore shares last traded at GBX 265 ($3.57), with a volume of 139,370 shares.

Wall Street Analysts Forecast Growth

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

Restore Price Performance

The firm has a market capitalization of £364.87 million, a PE ratio of 4,014.93, 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. The firm has a 50-day simple moving average of GBX 264.48 and a 200-day simple moving average of GBX 249.99.

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