Shares of Restore plc (LON:RST - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 234.19 ($3.15) and traded as high as GBX 263 ($3.54). Restore shares last traded at GBX 263 ($3.54), with a volume of 350,789 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group upped their price target on Restore from GBX 380 ($5.11) to GBX 400 ($5.38) and gave the company a "buy" rating in a research report on Thursday, March 13th.
View Our Latest Research Report on RST
Restore Stock Performance
The company has a 50-day moving average price of GBX 235.25 and a two-hundred day moving average price of GBX 235.65. The stock has a market capitalization of £353.15 million, a P/E ratio of 92.52, a PEG ratio of 0.41 and a beta of 0.57. The company has a quick ratio of 1.28, a current ratio of 1.07 and a debt-to-equity ratio of 100.35.
Restore (LON:RST - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported GBX 19 ($0.26) earnings per share for the quarter. Restore had a return on equity of 1.64% and a net margin of 1.37%. Equities analysts expect that Restore plc will post 20.4953032 earnings per share for the current year.
Restore Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 12th will be given a dividend of GBX 3.80 ($0.05) per share. This represents a yield of 1.58%. This is a boost from Restore's previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, June 12th. Restore's payout ratio is presently 175.89%.
Insider Buying and Selling
In other news, insider Dan Baker acquired 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average cost of GBX 249 ($3.35) per share, for a total transaction of £2,490 ($3,350.38). Also, insider Charles Skinner acquired 44,438 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of GBX 225 ($3.03) per share, with a total value of £99,985.50 ($134,533.77). 15.23% of the stock is owned by company insiders.
About Restore
(
Get Free Report)
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.
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