Canaccord Genuity Group Reaffirms Buy Rating for Restore (LON:RST)

Key Points

• Canaccord Genuity Group has reaffirmed a "buy" rating for Restore (LON:RST) with a target price of GBX 404 ($5.40), indicating a potential upside of 56.41% from its previous close.
• Peel Hunt has also rated Restore as a "buy," setting a lower target price of GBX 307 ($4.10).
• Restore's stock is currently at GBX 258.30 ($3.45), and the company reported earnings per share of GBX 10 ($0.13) in its latest quarterly earnings results.

Restore (LON:RST - Get Free Report)'s stock had its "buy" rating reiterated by Canaccord Genuity Group in a note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 404 ($5.36) target price on the stock. Canaccord Genuity Group's price objective would indicate a potential upside of 52.45% from the stock's current price.

Separately, Peel Hunt reiterated a "buy" rating and issued a GBX 307 ($4.07) target price on shares of Restore in a research note on Tuesday.

Restore Stock Performance

LON:RST traded down GBX 2.50 ($0.03) during trading hours on Tuesday, hitting GBX 265 ($3.52). 97,270 shares of the company were exchanged, compared to its average volume of 381,654. The company's 50 day moving average price is GBX 263.50 and its 200-day moving average price is GBX 239.71. The stock has a market capitalization of £355.84 million, a price-to-earnings ratio of 93.22, a PEG ratio of 0.41 and a beta of 0.57. The company has a debt-to-equity ratio of 100.35, a current ratio of 1.07 and a quick ratio of 1.28. Restore has a 52-week low of GBX 207 ($2.75) and a 52-week high of GBX 290 ($3.85).

Restore (LON:RST - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported GBX 10 ($0.13) EPS for the quarter. Restore had a net margin of 1.37% and a return on equity of 1.64%. As a group, research analysts forecast that Restore will post 20.4953032 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Dan Baker acquired 1,000 shares of Restore stock in a transaction on Tuesday, May 13th. The stock was bought at an average cost of GBX 249 ($3.31) per share, for a total transaction of £2,490 ($3,305.02). Corporate insiders own 15.23% of the company's stock.

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.