Restore (LON:RST) Hits New 52-Week High – Time to Buy?

Restore plc (LON:RST – Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as GBX 315 and last traded at GBX 312, with a volume of 142196 shares traded. The stock had previously closed at GBX 310.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RST shares. Berenberg Bank upped their price objective on shares of Restore from GBX 380 to GBX 430 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 435 price target on shares of Restore in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 432.50.

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Restore Price Performance

The company has a debt-to-equity ratio of 123.00, a current ratio of 0.87 and a quick ratio of 1.28. The company’s 50-day moving average price is GBX 292.09 and its 200-day moving average price is GBX 267.18. The company has a market cap of £411.45 million, a P/E ratio of -58.87, a P/E/G ratio of 0.41 and a beta of 0.12.

Restore (LON:RST – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported GBX 3.60 earnings per share for the quarter. Restore had a net margin of 0.87% and a return on equity of 1.30%. As a group, sell-side analysts predict that Restore plc will post 20.4953032 earnings per share for the current fiscal year.

About Restore

(Get Free Report)

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.

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