Restore (LON:RST) Reaches New 12-Month Low – Here’s Why

Restore plc (LON:RST) shares hit a new 52-week low on Wednesday . The stock traded as low as GBX 210 ($2.72) and last traded at GBX 212 ($2.74), with a volume of 188444 shares trading hands. The stock had previously closed at GBX 217 ($2.81).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 380 ($4.92) target price on shares of Restore in a research note on Thursday, November 21st.

Restore Stock Down 2.3 %

The company has a quick ratio of 1.28, a current ratio of 1.07 and a debt-to-equity ratio of 100.35. The company has a market cap of £284.67 million, a price-to-earnings ratio of 74.58, a PEG ratio of 0.41 and a beta of 0.57. The business has a 50-day simple moving average of GBX 223.57 and a two-hundred day simple moving average of GBX 245.81.

About Restore

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.