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

Restore (LON:RST)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a report released on Thursday, MarketBeat.com reports. They presently have a GBX 380 ($4.76) price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 44.76% from the stock’s current price.

Restore Trading Up 0.6 %

Shares of LON:RST opened at GBX 262.50 ($3.29) on Thursday. Restore has a 12-month low of GBX 196.50 ($2.46) and a 12-month high of GBX 295.88 ($3.71). The company has a market capitalization of £358.76 million, a PE ratio of 8,750.00, a PEG ratio of 0.41 and a beta of 0.57. The business has a 50 day moving average of GBX 254.99 and a two-hundred day moving average of GBX 260.89. The company has a current ratio of 1.07, a quick ratio of 1.28 and a debt-to-equity ratio of 100.35.

Insider Transactions at Restore

In other Restore news, insider Charles Skinner bought 100,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were acquired at an average price of GBX 280 ($3.51) per share, with a total value of £280,000 ($351,009.15). Also, insider Lisa Fretwell purchased 199 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average price of GBX 253 ($3.17) per share, for a total transaction of £503.47 ($631.15). In the last ninety days, insiders acquired 125,199 shares of company stock worth $34,450,347. 15.23% of the stock is currently owned by company insiders.

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.