Canaccord Genuity Group Issues Positive Forecast for Restore (LON:RST) Stock Price

Key Points

• Canaccord Genuity raised its target price for Restore to GBX 435 (from GBX 425) and kept a buy rating, implying roughly a 72.62% upside from the current share price (GBX 252).
• Insider activity: Charles Skinner bought 11,001 shares at GBX 273 on December 18, and insiders now own 15.89% of the company.
• Key financials: Restore has a market cap of £341.8 million, a PE ratio of 37.61, a high debt-to-equity ratio (121.93) and a current ratio below 1, suggesting leverage alongside a relatively rich valuation.

Restore (LON:RST - Get Free Report) had its target price raised by research analysts at Canaccord Genuity Group from GBX 425 to GBX 435 in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 72.62% from the stock's current price.

Restore Stock Performance

Shares of Restore stock opened at GBX 252 on Thursday. 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 PE ratio of 37.61, a price-to-earnings-growth ratio of 0.41 and a beta of 0.07. The company has a 50 day moving average of GBX 259.96 and a 200-day moving average of GBX 255.65. Restore has a 1-year low of GBX 207 and a 1-year high of GBX 355.

Insiders Place Their Bets

In other Restore news, insider Charles Skinner purchased 11,001 shares of the firm's stock in a transaction dated Thursday, December 18th. The shares were bought at an average price of GBX 273 per share, for a total transaction of £30,032.73. 15.89% of the stock is 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.

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