Restore (LON:RST) Sets New 52-Week High After Insider Buying Activity

Restore plc (LON:RST)’s stock price reached a new 52-week high during trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 320 and last traded at GBX 317, with a volume of 314,598 shares trading hands. The stock had previously closed at GBX 307.

Specifically, insider Richard Staveley acquired 4,835 shares of the business’s stock in a transaction dated Monday, October 26th. The shares were acquired at an average price of GBX 310 per share, for a total transaction of £14,988.50. Also, insider Richard Staveley bought 5,812 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was purchased at an average cost of GBX 312 per share, for a total transaction of £18,133.44. In related news, insider Richard Staveley acquired 5,343 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were bought at an average price of GBX 310 per share, for a total transaction of £16,563.30.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Berenberg Bank lifted their target price on Restore from GBX 380 to GBX 430 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Canaccord Genuity Group restated a “buy” rating and set a GBX 435 price objective on shares of Restore in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 432.50.

Restore Stock Up 3.3%

The stock has a 50 day moving average price of GBX 301.71 and a 200 day moving average price of GBX 279.29. 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 company has a market capitalization of £416.94 million, a P/E ratio of -59.81, a PEG ratio of 0.41 and a beta of 0.12.

Restore (LON:RST) last issued its quarterly earnings results on Tuesday, July 28th. The company reported GBX 3.60 earnings per share for the quarter. Restore had a return on equity of 1.30% and a net margin of 0.87%. On average, research analysts anticipate that Restore plc will post 20.50 earnings per share for the current fiscal year.

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.