Restore (LON:RST) Receives “Buy” Rating from Canaccord Genuity Group

Restore (LON:RST)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a report released on Thursday,Digital Look reports. They presently have a GBX 380 ($4.81) target price on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 44.08% from the company’s previous close.

Restore Stock Performance

Shares of Restore stock traded down GBX 7.75 ($0.10) during trading on Thursday, reaching GBX 263.75 ($3.34). The company’s stock had a trading volume of 209,891 shares, compared to its average volume of 378,083. The company has a quick ratio of 1.28, a current ratio of 1.07 and a debt-to-equity ratio of 100.35. The business’s 50-day moving average price is GBX 255.22 and its 200-day moving average price is GBX 260.89. Restore has a 52 week low of GBX 196.50 ($2.49) and a 52 week high of GBX 295.88 ($3.74). The firm has a market cap of £360.47 million, a PE ratio of 8,791.67, a P/E/G ratio of 0.41 and a beta of 0.57.

Insider Activity at Restore

In other news, insider Charles Skinner acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average price of GBX 280 ($3.54) per share, with a total value of £280,000 ($354,295.84). Also, insider Dan Baker bought 25,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was purchased at an average cost of GBX 256 ($3.24) per share, for a total transaction of £64,000 ($80,981.91). Over the last ninety days, insiders purchased 125,199 shares of company stock worth $34,450,347. Company insiders own 15.23% of the company’s stock.

Restore Company Profile

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.