Could Restore PLC Go Down After Reaching 52-Week High?

 Could Restore PLC Go Down After Reaching 52 Week High?

The stock of Restore PLC (LON:RST) hit a new 52-week high and has GBX 389.34 target or 3.00% above today’s GBX 378.00 share price. The 6 months bullish chart indicates low risk for the GBX 423.56M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the GBX 389.34 price target is reached, the company will be worth GBX 12.71 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.61% or GBX 6 on November 29, hitting GBX 378. About 157,517 shares traded hands or 9.48% up from the average. Restore PLC (LON:RST) has risen 14.11% since May 2, 2016 and is uptrending. It has outperformed by 8.85% the S&P500.

Restore PLC (LON:RST) Ratings Coverage

Out of 3 analysts covering Restore PLC (LON:RST), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Restore PLC has been the topic of 14 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Peel Hunt maintained the shares of RST in a report on Tuesday, January 26 with “Buy” rating. Peel Hunt maintained Restore PLC (LON:RST) rating on Thursday, April 7. Peel Hunt has “Buy” rating and GBX 359 price target. Peel Hunt maintained the stock with “Buy” rating in Wednesday, July 27 report. The stock has “Buy” rating given by Peel Hunt on Monday, May 23. N+1 Singer maintained the stock with “Buy” rating in Wednesday, July 22 report. The firm has “Buy” rating given on Tuesday, September 15 by N+1 Singer. The firm has “Buy” rating by Peel Hunt given on Thursday, March 10. The firm earned “Buy” rating on Wednesday, July 20 by Peel Hunt. The firm has “Buy” rating given on Wednesday, October 12 by Peel Hunt. Panmure Gordon maintained it with “Buy” rating and GBX 320 target price in Tuesday, September 15 report.

Another recent and important Restore PLC (LON:RST) news was published by Fool.Co.Uk which published an article titled: “Are 88 Energy Ltd, Restore plc and M&C Saatchi plc the 3 hottest small-caps …” on May 26, 2016.

Restore plc is a United Kingdom-based support services company. The company has a market cap of 423.56 million GBP. The Firm is engaged in providing office services. It has a 49.68 P/E ratio. The Firm operates in two divisions: Document Management and Relocation.

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