Restore (LON:RST) Posts Quarterly Earnings Results

Restore (LON:RST) released its earnings results on Tuesday. The company reported GBX 3.60 earnings per share for the quarter, Digital Look Earnings reports. Restore had a net margin of 0.43% and a return on equity of 0.58%.

Restore Trading Up 2.1%

Shares of LON RST opened at GBX 287.90 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 1.28 and a debt-to-equity ratio of 118.39. Restore has a one year low of GBX 222 and a one year high of GBX 355. The business has a 50-day moving average price of GBX 264.44 and a two-hundred day moving average price of GBX 258.04. The firm has a market capitalization of £382.90 million, a PE ratio of -61.26, a PEG ratio of 0.41 and a beta of 0.11.

Insider Buying and Selling at Restore

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

Wall Street Analyst Weigh In

Several brokerages recently commented on RST. Berenberg Bank upped their price target on shares of Restore from GBX 380 to GBX 430 and gave the company a “buy” rating in a research report on Tuesday. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 435 price objective on shares of Restore in a research report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Restore presently has an average rating of “Buy” and a consensus target price of GBX 390.67.

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.