Restore (LON:RST) Insider Sells £145,624.95 in Stock

Restore plc (LON:RST) insider Dan Baker sold 55,795 shares of Restore stock in a transaction on Thursday, May 21st. The shares were sold at an average price of GBX 261, for a total value of £145,624.95.

Restore Trading Down 0.5%

Shares of Restore stock opened at GBX 262.60 on Friday. The business has a fifty day simple moving average of GBX 250.40 and a 200-day simple moving average of GBX 253.53. Restore plc has a fifty-two week low of GBX 222 and a fifty-two week high of GBX 355. The firm has a market cap of £352.04 million, a price-to-earnings ratio of -55.87, a price-to-earnings-growth ratio of 0.41 and a beta of 0.12. The company has a quick ratio of 1.28, a current ratio of 0.93 and a debt-to-equity ratio of 118.39.

Restore (LON:RST) last released its earnings results on Thursday, March 12th. The company reported GBX 22.50 earnings per share (EPS) for the quarter. Restore had a return on equity of 0.58% and a net margin of 0.43%. On average, equities analysts forecast that Restore plc will post 20.4953032 EPS for the current fiscal year.

Restore declared that its Board of Directors has initiated a stock buyback program on Monday, March 16th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 435 target price on shares of Restore in a report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 367.33.

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.