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

Restore (LON:RST)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 435 target price on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 62.62% from the company’s current price.

Restore Stock Down 0.6%

LON RST traded down GBX 1.50 during trading hours on Tuesday, hitting GBX 267.50. The company had a trading volume of 472,228 shares, compared to its average volume of 423,702. The firm’s 50 day moving average is GBX 246.10 and its 200 day moving average is GBX 252.18. The company has a debt-to-equity ratio of 118.39, a current ratio of 0.93 and a quick ratio of 1.28. Restore has a fifty-two week low of GBX 222 and a fifty-two week high of GBX 355. The company has a market capitalization of £358.61 million, a price-to-earnings ratio of -56.91, a P/E/G ratio of 0.41 and a beta of 0.11.

Restore (LON:RST) last issued its quarterly earnings data on Thursday, March 12th. The company reported GBX 22.50 EPS for the quarter. Restore had a return on equity of 0.58% and a net margin of 0.43%. Sell-side analysts anticipate that Restore will post 20.4953032 earnings per share for the current fiscal year.

Restore announced that its board has authorized a share buyback plan on Monday, March 16th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.