Restore (LON:RST) Shares Cross Below 200 Day Moving Average – What’s Next?

Posted by Danessa Lincoln on Jan 19th, 2025

Restore plc (LON:RST – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 257.24 ($3.13) and traded as low as GBX 218 ($2.65). Restore shares last traded at GBX 223.50 ($2.72), with a volume of 3,543,340 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 380 ($4.62) target price on shares of Restore in a research note on Thursday, November 21st.

View Our Latest Analysis on RST

Restore Trading Down 2.2 %

The firm has a 50 day moving average price of GBX 249.25 and a two-hundred day moving average price of GBX 256.92. The firm has a market capitalization of £300.67 million, a P/E ratio of 7,333.33, a price-to-earnings-growth ratio of 0.41 and a beta of 0.57. The company has a debt-to-equity ratio of 100.35, a quick ratio of 1.28 and a current ratio of 1.07.

Insider Buying and Selling

In other news, insider Lisa Fretwell bought 199 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were bought at an average cost of GBX 253 ($3.08) per share, with a total value of £503.47 ($612.57). 15.23% of the stock is currently owned by company insiders.

About Restore

(Get Free Report)

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.