Restore (LON:RST) Receives Buy Rating from Peel Hunt

Key Points

• Peel Hunt has reiterated a "Buy" rating for Restore (RST), with a target price of GBX 307 ($4.10), indicating a potential upside of 18.85% from the previous close.
• Restore's stock has seen a slight increase of 0.1% and currently trades at GBX 258.30 ($3.45), while its 12-month range is between GBX 207 and GBX 290.
• Insider Dan Baker purchased 1,000 shares at about GBX 249 ($3.33) each, reflecting confidence in the company's future.

Restore (LON:RST - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Peel Hunt in a research note issued on Tuesday, Marketbeat Ratings reports. They presently have a GBX 307 ($4.07) price target on the stock. Peel Hunt's target price suggests a potential upside of 16.73% from the company's previous close.

Restore Trading Up 1.2%

LON:RST traded up GBX 3 ($0.04) during trading hours on Tuesday, hitting GBX 263 ($3.49). The stock had a trading volume of 306,305 shares, compared to its average volume of 383,881. The business's 50 day moving average is GBX 263.37 and its 200-day moving average is GBX 238.94. Restore has a one year low of GBX 207 ($2.74) and a one year high of GBX 290 ($3.85). The company has a debt-to-equity ratio of 100.35, a quick ratio of 1.28 and a current ratio of 1.07. The company has a market cap of £353.15 million, a price-to-earnings ratio of 92.52, a P/E/G ratio of 0.41 and a beta of 0.57.

Restore (LON:RST - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported GBX 10 ($0.13) earnings per share (EPS) for the quarter. Restore had a net margin of 1.37% and a return on equity of 1.64%. Sell-side analysts anticipate that Restore will post 20.4953032 EPS for the current fiscal year.

Insider Activity

In related news, insider Dan Baker bought 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of GBX 249 ($3.30) per share, for a total transaction of £2,490 ($3,301.51). Corporate insiders own 15.23% of the company's stock.

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.