Restore (LON:RST) Receives “Buy” Rating from Canaccord Genuity Group

by · The Cerbat Gem

Restore (LON:RST – Get Free Report)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a research report issued to clients and investors on Friday, Digital Look reports. They presently have a GBX 380 ($4.93) target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 56.70% from the stock’s current price.

Restore Trading Up 2.8 %

RST stock traded up GBX 6.50 ($0.08) during trading on Friday, reaching GBX 242.50 ($3.15). 409,420 shares of the stock traded hands, compared to its average volume of 374,941. The business’s 50 day moving average price is GBX 261.67 and its 200-day moving average price is GBX 255.89. Restore has a 52-week low of GBX 187 ($2.43) and a 52-week high of GBX 295.88 ($3.84). 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 market capitalization of £331.42 million, a PE ratio of 8,050.00, a P/E/G ratio of 0.41 and a beta of 0.57.

Insiders Place Their Bets

In related news, insider Charles Skinner acquired 100,000 shares of Restore stock in a transaction on Friday, August 30th. The shares were bought at an average price of GBX 280 ($3.64) per share, for a total transaction of £280,000 ($363,541.94). In other news, insider Lisa Fretwell acquired 199 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were purchased at an average price of GBX 253 ($3.28) per share, for a total transaction of £503.47 ($653.69). Also, insider Charles Skinner acquired 100,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were purchased at an average price of GBX 280 ($3.64) per share, for a total transaction of £280,000 ($363,541.94). Insiders have purchased a total of 128,199 shares of company stock worth $35,269,347 over the last quarter. 15.23% of the stock is owned by corporate insiders.

Restore Company Profile

(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.

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