Restore (LON:RST) to Repurchase 0 Stock

Restore (LON:RST) declared that its board has authorized a share repurchase program on Monday, March 16th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price objective on Restore from GBX 425 to GBX 435 and gave the company a “buy” rating in a report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 367.33.

Restore Stock Performance

LON:RST opened at GBX 240 on Thursday. The company has a debt-to-equity ratio of 118.39, a quick ratio of 1.28 and a current ratio of 0.93. The stock has a market capitalization of £325.54 million, a PE ratio of 35.82, a P/E/G ratio of 0.41 and a beta of 0.07. Restore has a fifty-two week low of GBX 207 and a fifty-two week high of GBX 355. The company has a fifty day moving average of GBX 258.06 and a two-hundred day moving average of GBX 255.16.

Restore (LON:RST) last announced its earnings results on Thursday, March 12th. The company reported GBX 22.50 earnings per share (EPS) for the quarter. Restore had a net margin of 0.43% and a return on equity of 0.58%. As a group, research analysts forecast that Restore will post 20.4953032 earnings per share for the current fiscal year.

Restore Company Profile

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.