Restore (LON:RST) Earns Buy Rating from Canaccord Genuity Group

Restore (LON:RST)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a report released on Tuesday, MarketBeat reports. They currently have a GBX 404 ($5.36) price target on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 53.61% from the company’s previous close.

Separately, Peel Hunt reissued a “buy” rating and set a GBX 307 ($4.07) target price on shares of Restore in a research report on Tuesday.

Restore Price Performance

Shares of RST opened at GBX 263 ($3.49) on Tuesday. The firm has a market capitalization of £353.15 million, a price-to-earnings ratio of 92.52, a PEG ratio of 0.41 and a beta of 0.57. The firm’s fifty day simple moving average is GBX 263.46 and its 200-day simple moving average is GBX 239.11. Restore has a twelve month low of GBX 207 ($2.74) and a twelve month high of GBX 290 ($3.85). The company has a current ratio of 1.07, a quick ratio of 1.28 and a debt-to-equity ratio of 100.35.

Restore (LON:RST) last posted its earnings results on Tuesday, July 29th. The company reported GBX 10 ($0.13) EPS for the quarter. Restore had a return on equity of 1.64% and a net margin of 1.37%. Equities analysts forecast that Restore will post 20.4953032 EPS for the current fiscal year.

Insider Activity at Restore

In related news, insider Dan Baker purchased 1,000 shares of Restore stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average cost of GBX 249 ($3.30) per share, with a total value of £2,490 ($3,301.51). 15.23% of the stock is owned by company insiders.

Restore Company Profile

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.