Restore plc (LON:RST – Get Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 262.75 and traded as high as GBX 275. Restore shares last traded at GBX 271, with a volume of 340,393 shares changing hands.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 435 price objective on shares of Restore in a research report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 367.33.
View Our Latest Analysis on RST
Restore Price Performance
Restore announced that its board has approved a stock repurchase plan on Monday, March 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
Insider Transactions at Restore
In other Restore news, insider Dan Baker sold 55,795 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of GBX 261, for a total transaction of £145,624.95. Insiders own 16.32% of the company’s stock.
About Restore
We provide secure and sustainable business services for data, information, communications and assets.
Restore plc leads the markets it serves. Supporting public and private sectors with critical services, income is highly predictable, recurring in nature and generates strong cashflows. We provide integrated information and data management, business digitisation, secure recycling of paper and technology assets, and commercial relocation solutions.
The Group has over 75 sites providing national scale with local service.
Further Reading
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