Restore's (RST) Buy Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank has reiterated a buy rating for Restore (LON:RST) with a price target of GBX 360, indicating a potential upside of 38.17% from the previous close.
• Restore's stock currently holds a consensus rating of Buy from multiple analysts, with a prevailing price target of GBX 362.75.
• Recent financial data shows Restore reported GBX 10 earnings per share (EPS) for the last quarter, with a return on equity of 1.64% and a net margin of 1.37%.

Restore (LON:RST - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Berenberg Bank in a note issued to investors on Tuesday, MarketBeat.com reports. They presently have a GBX 360 price target on the stock. Berenberg Bank's price target suggests a potential upside of 37.93% from the stock's previous close.

RST has been the topic of several other reports. Canaccord Genuity Group restated a "buy" rating and issued a GBX 404 price objective on shares of Restore in a research report on Tuesday, July 29th. Peel Hunt restated a "buy" rating and issued a GBX 307 price objective on shares of Restore in a research report on Tuesday, July 29th. Four 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 362.75.

Restore Price Performance

Restore stock traded up GBX 0.50 during trading hours on Tuesday, hitting GBX 261. The stock had a trading volume of 246,076 shares, compared to its average volume of 351,433. The company has a debt-to-equity ratio of 100.35, a current ratio of 1.07 and a quick ratio of 1.28. The stock has a market capitalization of £354.02 million, a price-to-earnings ratio of 3,895.52, a PEG ratio of 0.41 and a beta of 0.57. Restore has a 1-year low of GBX 207 and a 1-year high of GBX 285. The stock's fifty day moving average is GBX 264.24 and its two-hundred day moving average is GBX 247.07.

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

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.