Restore (LON:RST) Posts Quarterly Earnings Results

Restore (LON:RST) posted its earnings results on Tuesday. The company reported GBX 3.60 EPS for the quarter, Digital Look Earnings reports. Restore had a return on equity of 0.60% and a net margin of 0.43%.

Restore Trading Up 0.5%

LON:RST opened at GBX 287.50 on Thursday. Restore has a 52 week low of GBX 222 and a 52 week high of GBX 355. The business’s 50 day moving average is GBX 265.41 and its two-hundred day moving average is GBX 258.37. The company has a quick ratio of 1.28, a current ratio of 0.87 and a debt-to-equity ratio of 123.00. The company has a market cap of £382.37 million, a PE ratio of -61.17, a P/E/G ratio of 0.41 and a beta of 0.11.

Insider Buying and Selling

In related news, insider Dan Baker sold 55,795 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of GBX 261, for a total value of £145,624.95. 16.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RST shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 435 price target on shares of Restore in a research report on Tuesday. Berenberg Bank boosted their price objective on Restore from GBX 380 to GBX 430 and gave the stock a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Restore currently has an average rating of “Buy” and a consensus price target of GBX 432.50.

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.