Berenberg Bank Forecasts Strong Price Appreciation for Restore (LON:RST) Stock

Restore (LON:RSTGet Free Report) had its price objective upped by Berenberg Bank from GBX 380 to GBX 430 in a note issued to investors on Tuesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 50.35% from the stock’s current price.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 435 price target on shares of Restore in a research report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 390.67.

Check Out Our Latest Research Report on Restore

Restore Price Performance

LON RST opened at GBX 286 on Tuesday. The company has a debt-to-equity ratio of 118.39, a current ratio of 0.93 and a quick ratio of 1.28. The stock’s fifty day moving average price is GBX 264.44 and its 200 day moving average price is GBX 258.04. Restore has a 1 year low of GBX 222 and a 1 year high of GBX 355. The company has a market cap of £380.37 million, a price-to-earnings ratio of -60.85, a PEG ratio of 0.41 and a beta of 0.11.

Insider Transactions at Restore

In other Restore news, insider Dan Baker sold 55,795 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of GBX 261, for a total transaction of £145,624.95. Corporate insiders own 16.32% of the company’s stock.

About Restore

(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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