Canaccord Genuity Group Forecasts Strong Price Appreciation for Restore (LON:RST) Stock

Restore (LON:RST) had its price target hoisted by equities research analysts at Canaccord Genuity Group from GBX 380 ($4.92) to GBX 400 ($5.17) in a research report issued on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 75.44% from the company’s current price.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 380 ($4.92) target price on shares of Restore in a report on Thursday, November 21st.

Restore Stock Up 1.3 %

Shares of Restore stock opened at GBX 228 ($2.95) on Thursday. The company has a debt-to-equity ratio of 100.35, a current ratio of 1.07 and a quick ratio of 1.28. Restore has a 1 year low of GBX 210 ($2.72) and a 1 year high of GBX 295.88 ($3.83). The firm’s 50-day moving average is GBX 222.72 and its two-hundred day moving average is GBX 245.44. The stock has a market cap of £306.16 million, a price-to-earnings ratio of 80.21, a PEG ratio of 0.41 and a beta of 0.57.

Restore (LON:RST) last issued its earnings results on Thursday, March 13th. The company reported GBX 19 ($0.25) earnings per share (EPS) for the quarter. Restore had a net margin of 1.37% and a return on equity of 1.64%. As a group, research analysts expect that Restore will post 20.4953032 earnings per share for the current fiscal year.

Insider Buying and Selling at Restore

In other news, insider Charles Skinner purchased 44,438 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of GBX 225 ($2.91) per share, with a total value of £99,985.50 ($129,330.62). 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.