Canaccord Genuity Group Reaffirms “Buy” Rating for Restore (LON:RST)

Restore (LON:RSTGet Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a report issued on Tuesday,Digital Look reports. They currently have a GBX 435 target price on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 62.62% from the company’s previous close.

Restore Stock Performance

RST stock traded down GBX 1.50 during trading on Tuesday, hitting GBX 267.50. 472,228 shares of the company’s stock traded hands, compared to its average volume of 423,702. The stock has a market capitalization of £358.61 million, a price-to-earnings ratio of -56.91, a price-to-earnings-growth ratio of 0.41 and a beta of 0.11. Restore has a 52 week low of GBX 222 and a 52 week high of GBX 355. The stock has a fifty day moving average price of GBX 246.10 and a two-hundred day moving average price of GBX 252.18. 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:RSTGet Free Report) last posted its quarterly earnings results on Thursday, March 12th. The company reported GBX 22.50 EPS for the quarter. Restore had a net margin of 0.43% and a return on equity of 0.58%. As a group, equities analysts anticipate that Restore will post 20.4953032 EPS for the current fiscal year.

Restore declared that its Board of Directors has approved a share buyback program on Monday, March 16th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Restore Company Profile

(Get Free Report)

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.

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