Restore (LON:RST) Hits New 12-Month High – Here’s Why

Restore plc (LON:RST)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 310 and last traded at GBX 306, with a volume of 738759 shares changing hands. The stock had previously closed at GBX 298.

Analyst Ratings Changes

A number of research firms have weighed in on RST. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 435 price target on shares of Restore in a report on Tuesday, July 28th. Berenberg Bank upped their price objective on Restore from GBX 380 to GBX 430 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Restore has a consensus rating of “Buy” and an average target price of GBX 432.50.

Restore Stock Performance

The stock has a market cap of £407.61 million, a price-to-earnings ratio of -57.83, a P/E/G ratio of 0.41 and a beta of 0.11. The company has a current ratio of 0.87, a quick ratio of 1.28 and a debt-to-equity ratio of 123.00. The stock’s 50-day moving average is GBX 268.35 and its 200-day moving average is GBX 258.99.

Restore (LON:RST) last released its quarterly earnings data on Tuesday, July 28th. The company reported GBX 3.60 earnings per share (EPS) for the quarter. Restore had a net margin of 0.87% and a return on equity of 1.30%. On average, analysts expect that Restore plc will post 20.4953032 EPS for the current year.

Insiders Place Their Bets

In related news, insider Dan Baker sold 55,795 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of GBX 261, for a total value of £145,624.95. Company insiders own 16.32% of the company’s stock.

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.