Canaccord Genuity Group restated their buy rating on shares of Restore (LON:RST - Free Report) in a research report report published on Friday morning, Marketbeat.com reports. They currently have a GBX 380 ($4.93) target price on the stock.
Restore Price Performance
Shares of RST traded up GBX 5 ($0.06) during trading hours on Friday, reaching GBX 241 ($3.13). The stock had a trading volume of 447,526 shares, compared to its average volume of 375,124. The company has a debt-to-equity ratio of 100.35, a quick ratio of 1.28 and a current ratio of 1.07. Restore has a 12 month low of GBX 187 ($2.43) and a 12 month high of GBX 295.88 ($3.84). The stock has a market capitalization of £329.37 million, a PE ratio of 8,033.33, a PEG ratio of 0.41 and a beta of 0.57. The company's 50-day moving average is GBX 261.67 and its two-hundred day moving average is GBX 255.89.
Restore Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Thursday, September 19th were issued a dividend of GBX 2 ($0.03) per share. 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 currently 16,666.67%.
Insider Activity
In other Restore news, insider Charles Skinner purchased 100,000 shares of the company's stock in a transaction dated Friday, August 30th. The stock was purchased at an average price of GBX 280 ($3.64) per share, with a total value of £280,000 ($363,541.94). In related news, insider Charles Skinner purchased 100,000 shares of Restore stock in a transaction on Friday, August 30th. The shares were purchased at an average price of GBX 280 ($3.64) per share, for a total transaction of £280,000 ($363,541.94). Also, insider Dan Baker acquired 25,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were bought at an average price of GBX 256 ($3.32) per share, with a total value of £64,000 ($83,095.30). Insiders bought 128,199 shares of company stock valued at $35,269,347 over the last quarter. 15.23% of the stock is owned by company insiders.
About Restore
(
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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.
Further Reading
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