Restore plc (LON:RST - Get Free Report)'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 237.68 ($3.22) and traded as high as GBX 266 ($3.60). Restore shares last traded at GBX 255 ($3.46), with a volume of 228,037 shares traded.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group raised their price target on Restore from GBX 380 ($5.15) to GBX 400 ($5.42) and gave the stock a "buy" rating in a report on Thursday, March 13th.
View Our Latest Analysis on Restore
Restore Stock Up 1.0%
The company has a market cap of £337.71 million, a P/E ratio of 88.47, a price-to-earnings-growth ratio of 0.41 and a beta of 0.57. The company has a 50 day moving average of GBX 238.44 and a 200-day moving average of GBX 234.79. 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 (LON:RST - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported GBX 19 ($0.26) earnings per share (EPS) for the quarter. Restore had a return on equity of 1.64% and a net margin of 1.37%. On average, equities analysts predict that Restore plc will post 20.4953032 earnings per share for the current year.
Restore Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 12th will be paid a dividend of GBX 3.80 ($0.05) per share. The ex-dividend date is Thursday, June 12th. This represents a yield of 1.58%. This is a positive change from Restore's previous dividend of $2.00. Restore's payout ratio is 175.89%.
Insiders Place Their Bets
In related news, insider Charles Skinner purchased 44,438 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of GBX 225 ($3.05) per share, with a total value of £99,985.50 ($135,500.07). Also, insider Dan Baker acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average cost of GBX 249 ($3.37) per share, for a total transaction of £2,490 ($3,374.44). Corporate insiders own 15.23% of the company's stock.
Restore Company Profile
(
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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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