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

Canaccord Genuity Group reiterated their buy rating on shares of Restore (LON:RST) in a research note issued to investors on Friday, MarketBeat reports. Canaccord Genuity Group currently has a GBX 380 ($4.93) price target on the stock.

Restore Stock Up 2.1 %

RST opened at GBX 241 ($3.13) on Friday. Restore has a 52 week low of GBX 187 ($2.43) and a 52 week high of GBX 295.88 ($3.84). The company has a quick ratio of 1.28, a current ratio of 1.07 and a debt-to-equity ratio of 100.35. The firm has a 50-day simple moving average of GBX 261.27 and a two-hundred day simple moving average of GBX 256.03. The company has a market capitalization of £329.37 million, a PE ratio of 8,033.33, a price-to-earnings-growth ratio of 0.41 and a beta of 0.57.

Restore Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 23rd. Investors of record on Thursday, September 19th were issued a GBX 2 ($0.03) dividend. This represents a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, September 19th. Restore’s dividend payout ratio (DPR) is presently 16,666.67%.

Insider Activity at Restore

In other Restore news, insider Lisa Fretwell acquired 199 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average cost of GBX 253 ($3.28) per share, with a total value of £503.47 ($653.69). In related news, insider Lisa Fretwell bought 199 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was purchased at an average price of GBX 253 ($3.28) per share, for a total transaction of £503.47 ($653.69). Also, insider Dan Baker purchased 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were bought at an average price of GBX 256 ($3.32) per share, for a total transaction of £64,000 ($83,095.30). Insiders have acquired a total of 128,199 shares of company stock valued at $35,269,347 over the last 90 days. 15.23% of the stock is owned by corporate insiders.

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.