Restore’s (RST) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Restore (LON:RST) in a research note released on Thursday, MarketBeat reports. Canaccord Genuity Group currently has a GBX 380 ($4.76) price objective on the stock.

Restore Price Performance

LON RST opened at GBX 262.50 ($3.29) on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.28 and a debt-to-equity ratio of 100.35. Restore has a 1 year low of GBX 196.50 ($2.46) and a 1 year high of GBX 295.88 ($3.71). The company has a market cap of £358.76 million, a PE ratio of 8,750.00, a PEG ratio of 0.41 and a beta of 0.57. The stock’s 50-day moving average price is GBX 254.84 and its two-hundred day moving average price is GBX 261.03.

Insider Activity

In related news, insider Dan Baker purchased 25,000 shares of Restore stock in a transaction dated Wednesday, October 16th. The stock was acquired at an average cost of GBX 256 ($3.21) per share, with a total value of £64,000 ($80,230.66). Also, insider Lisa Fretwell purchased 199 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought at an average price of GBX 253 ($3.17) per share, with a total value of £503.47 ($631.15). Insiders have bought 125,199 shares of company stock worth $34,450,347 over the last 90 days. 15.23% of the stock is owned by company insiders.

About Restore

Restore plc, together with its subsidiaries, provides services to offices and workplaces in the public and private sectors primarily in the United Kingdom. The company operates through two segments, Digital & Information Management, and Secure Lifecycle Services. The company provides document management and recycling; document storage and retrieval; physical, seasonal, and on-site document scanning and IT; relocation; document collection and destruction services; data destruction and recycling of all types of IT assets, such as laptops, servers, and network equipment; recycling electrical waste; software imaging, physical installation, and asset tagging; and hardware and software upgrades and decommissioning solutions through repurposing, recycling, or destruction.