Insider Buying: Restore (LON:RST) Insider Purchases 5,812 Shares of Company Stock

Key Points

• Restore insider Richard Staveley purchased 5,812 shares at GBX 312 each, worth £18,133.44, and made two additional purchases the same day totaling 10,178 shares.
• Restore shares opened at GBX 313.60, up 2.1%, with a market capitalization of approximately £412.47 million and a 12-month range of GBX 222 to GBX 316.50.
• Analysts maintain a “Buy” consensus, with price targets of GBX 430 and GBX 435 and an average target of GBX 432.50.

Restore plc (LON:RST - Get Free Report) insider Richard Staveley purchased 5,812 shares of the stock in a transaction dated Monday, October 26th. The shares were purchased at an average price of GBX 312 per share, with a total value of £18,133.44.

Richard Staveley also recently made the following trade(s):

• On Monday, October 26th, Richard Staveley acquired 4,835 shares of Restore stock. The stock was acquired at an average price of GBX 310 per share, for a total transaction of £14,988.50.
• On Monday, October 26th, Richard Staveley purchased 5,343 shares of Restore stock. The shares were purchased at an average cost of GBX 310 per share, for a total transaction of £16,563.30.

Restore Stock Up 2.1%

Restore stock opened at GBX 313.60 on Monday. The stock has a 50 day moving average of GBX 301.71 and a two-hundred day moving average of GBX 279.29. Restore plc has a twelve month low of GBX 222 and a twelve month high of GBX 316.50. The stock has a market capitalization of £412.47 million, a price-to-earnings ratio of -59.17, a PEG ratio of 0.41 and a beta of 0.12. The company has a current ratio of 0.87, a quick ratio of 1.28 and a debt-to-equity ratio of 123.00.

Restore (LON:RST - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported GBX 3.60 earnings per share for the quarter. Restore had a return on equity of 1.30% and a net margin of 0.87%. As a group, research analysts expect that Restore plc will post 20.50 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Berenberg Bank boosted their price target on Restore from GBX 380 to GBX 430 and gave the stock a "buy" rating in a report on Tuesday, July 28th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 435 target price on shares of Restore in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of GBX 432.50.

Restore Company Profile

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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