Canaccord Genuity Group Reiterates “Buy” Rating for Restore (LON:RST)

Canaccord Genuity Group reiterated their buy rating on shares of Restore (LON:RST) in a research note released on Thursday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 380 ($4.79) price objective on the stock.

Restore Price Performance

RST opened at GBX 262.50 ($3.31) on Thursday. The company has a fifty day simple moving average of GBX 254.84 and a 200 day simple moving average of GBX 261.19. The firm has a market cap of £358.76 million, a price-to-earnings ratio of 8,750.00, a PEG ratio of 0.41 and a beta of 0.57. Restore has a twelve month low of GBX 196.50 ($2.47) and a twelve month high of GBX 295.88 ($3.73). The company has a current ratio of 1.07, a quick ratio of 1.28 and a debt-to-equity ratio of 100.35.

Insiders Place Their Bets

In other Restore news, insider Lisa Fretwell purchased 199 shares of Restore stock in a transaction dated Tuesday, October 22nd. The shares were bought at an average cost of GBX 253 ($3.19) per share, for a total transaction of £503.47 ($634.01). Also, insider Dan Baker purchased 25,000 shares of Restore stock in a transaction dated Wednesday, October 16th. The stock was acquired at an average price of GBX 256 ($3.22) per share, for a total transaction of £64,000 ($80,594.38). Insiders purchased a total of 125,199 shares of company stock valued at $34,450,347 in the last ninety days. Corporate insiders own 15.23% of the company’s stock.

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.