Canaccord Genuity Group Boosts Restore (LON:RST) Price Target to GBX 435

Restore (LON:RST) had its target price boosted by stock analysts at Canaccord Genuity Group from GBX 425 to GBX 435 in a research note issued on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 72.62% from the stock’s previous close.

Restore Trading Up 8.6%

RST opened at GBX 252 on Thursday. The company’s 50 day moving average is GBX 259.96 and its 200-day moving average is GBX 255.65. Restore has a 1-year low of GBX 207 and a 1-year high of GBX 355. The company has a current ratio of 0.87, a quick ratio of 1.28 and a debt-to-equity ratio of 121.93. The company has a market cap of £341.81 million, a P/E ratio of 37.61, a PEG ratio of 0.41 and a beta of 0.07.

Insider Buying and Selling

In related news, insider Charles Skinner acquired 11,001 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was acquired at an average price of GBX 273 per share, with a total value of £30,032.73. 15.89% of the stock is currently owned by insiders.

About Restore

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.