Restore (LON:RST) Sets New 12-Month High – What’s Next?

Restore plc (LON:RST) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 310 and last traded at GBX 306, with a volume of 738759 shares traded. The stock had previously closed at GBX 298.

Analysts Set New Price Targets

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

Restore Stock Up 2.7%

The firm has a fifty day simple moving average of GBX 266.58 and a 200-day simple moving average of GBX 258.61. The company has a market capitalization of £406.97 million, a PE ratio of -65.11, a P/E/G ratio of 0.41 and a beta of 0.11. The company has a debt-to-equity ratio of 123.00, a quick ratio of 1.28 and a current ratio of 0.87.

Restore (LON:RST) last released its earnings results on Tuesday, July 28th. The company reported GBX 3.60 EPS for the quarter. Restore had a return on equity of 1.30% and a net margin of 0.87%. Equities research analysts anticipate that Restore plc will post 20.4953032 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Dan Baker sold 55,795 shares of Restore stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of GBX 261, for a total value of £145,624.95. 16.32% of the stock is currently owned by corporate insiders.

Restore Company Profile

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.