Canaccord Genuity Group Issues Positive Forecast for Restore (LON:RST) Stock Price

Restore (LON:RST) had its price objective boosted by Canaccord Genuity Group from GBX 425 to GBX 435 in a report published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Restore Stock Down 0.6%

LON:RST opened at GBX 248 on Thursday. The company’s 50-day simple moving average is GBX 259.56 and its 200-day simple moving average is GBX 255.59. Restore has a fifty-two week low of GBX 207 and a fifty-two week high of GBX 355. The stock has a market capitalization of £336.39 million, a P/E ratio of 37.01, a P/E/G ratio of 0.41 and a beta of 0.07. The company has a debt-to-equity ratio of 121.93, a quick ratio of 1.28 and a current ratio of 0.87.

Restore (LON:RST) last released its earnings results on Thursday, March 12th. The company reported GBX 22.50 EPS for the quarter. Restore had a net margin of 3.14% and a return on equity of 3.99%. On average, equities analysts anticipate that Restore will post 20.4953032 earnings per share for the current fiscal year.

Insider Buying and Selling at Restore

In other news, insider Charles Skinner purchased 11,001 shares of the stock in a transaction dated Thursday, December 18th. The shares were purchased at an average cost of GBX 273 per share, with a total value of £30,032.73. 15.89% of the stock is currently owned by company insiders.

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.