Restore (LON:RST) Hits New 1-Year High – Here’s What Happened

Restore plc (LON:RST) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 310 and last traded at GBX 309, with a volume of 237355 shares traded. The stock had previously closed at GBX 300.18.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 435 price target on shares of Restore in a research report on Tuesday, July 28th. Berenberg Bank upped their target price on shares of Restore from GBX 380 to GBX 430 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 432.50.

Restore Stock Up 2.9%

The company has a current ratio of 0.87, a quick ratio of 1.28 and a debt-to-equity ratio of 123.00. The stock has a market cap of £407.49 million, a P/E ratio of -58.30, a PEG ratio of 0.41 and a beta of 0.12. The company’s 50 day moving average price is GBX 287.92 and its two-hundred day moving average price is GBX 265.10.

Restore (LON:RST) last released its earnings results on Tuesday, July 28th. The company reported GBX 3.60 earnings per share for the quarter. Restore had a return on equity of 1.30% and a net margin of 0.87%. Equities analysts forecast that Restore plc will post 20.4953032 earnings per share for the current year.

About Restore

We provide secure and sustainable business services for data, information, communications and assets.

Restore plc leads the markets it serves. Supporting public and private sectors with critical services, income is highly predictable, recurring in nature and generates strong cashflows. We provide integrated information and data management, business digitisation, secure recycling of paper and technology assets, and commercial relocation solutions.

The Group has over 75 sites providing national scale with local service.