Restore (LON:RST) Shares Pass Below 200 Day Moving Average of $218.09

Restore plc (LON:RST) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 218.09 ($2.71) and traded as low as GBX 218 ($2.71). Restore shares last traded at GBX 219.50 ($2.73), with a volume of 191,939 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised their price objective on shares of Restore from GBX 350 ($4.36) to GBX 380 ($4.73) and gave the stock a “buy” rating in a report on Thursday, March 14th.

Restore Stock Performance

The company’s fifty day moving average is GBX 225.15 and its 200 day moving average is GBX 218.09. The company has a market capitalization of £299.20 million, a P/E ratio of -954.35, a P/E/G ratio of 0.41 and a beta of 0.55. The company has a current ratio of 1.30, a quick ratio of 1.28 and a debt-to-equity ratio of 96.55.

Restore Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 6th will be issued a GBX 3.35 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, June 6th. This is an increase from Restore’s previous dividend of $1.85. This represents a yield of 1.44%. Restore’s dividend payout ratio (DPR) is -2,173.91%.

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.