Restore (LON:RST) Sets New 1-Year High on Insider Buying Activity

Key Points

• Restore shares reached a new 52-week high, trading as high as GBX 320 and closing the session at GBX 317, up from the previous close of GBX 307.
• Insider Richard Staveley purchased a combined 15,990 shares in three transactions, investing approximately £49,685 at prices between GBX 310 and GBX 312 per share.
• Analysts maintain a positive outlook, with an average “Buy” rating and a GBX 432.50 price target, implying further upside from the latest trading level.

Restore plc (LON:RST - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 320 and last traded at GBX 317, with a volume of 314,598 shares. The stock had previously closed at GBX 307.

Specifically, insider Richard Staveley acquired 4,835 shares of the firm's stock in a transaction that occurred on Monday, October 26th. The stock was purchased at an average cost of GBX 310 per share, with a total value of £14,988.50. Also, insider Richard Staveley acquired 5,812 shares of the business's stock in a transaction dated Monday, October 26th. The stock was acquired at an average price of GBX 312 per share, for a total transaction of £18,133.44. In related news, insider Richard Staveley acquired 5,343 shares of Restore stock in a transaction on Monday, October 26th. The stock was bought at an average cost of GBX 310 per share, for a total transaction of £16,563.30.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RST. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 435 target price on shares of Restore in a research note on Tuesday, July 28th. Berenberg Bank increased their price target on shares of Restore from GBX 380 to GBX 430 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company has an average rating of "Buy" and an average price target of GBX 432.50.

Restore Trading Up 3.3%

The company has a fifty day simple moving average of GBX 301.71 and a two-hundred day simple moving average of GBX 279.29. The company has a current ratio of 0.87, a quick ratio of 1.28 and a debt-to-equity ratio of 123.00. The company has a market cap of £416.94 million, a PE ratio of -59.81, a P/E/G ratio of 0.41 and a beta of 0.12.

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

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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