Restore plc (LON:RST) Insider Purchases £280,000 in Stock

Restore plc (LON:RST) insider Charles Skinner purchased 100,000 shares of Restore stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average cost of GBX 280 ($3.68) per share, for a total transaction of £280,000 ($368,178.83).

Restore Trading Up 2.8 %

LON:RST opened at GBX 290 ($3.81) on Thursday. Restore plc has a 12 month low of GBX 172.50 ($2.27) and a 12 month high of GBX 295.88 ($3.89). The firm has a fifty day simple moving average of GBX 266.13 and a two-hundred day simple moving average of GBX 248.34. The company has a current ratio of 1.07, a quick ratio of 1.28 and a debt-to-equity ratio of 100.35. The stock has a market capitalization of £396.34 million, a price-to-earnings ratio of 9,600.00, a PEG ratio of 0.41 and a beta of 0.57.

Restore Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Thursday, September 19th will be given a dividend of GBX 2 ($0.03) per share. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 0.78%. Restore’s dividend payout ratio is currently 16,666.67%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 380 ($5.00) target price on shares of Restore in a report on Thursday, May 16th.

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.