Restore (LON:RST) Hits New 1-Year High at $370.00

Shares of Restore plc (LON:RST) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 370 ($4.81) and last traded at GBX 370 ($4.81), with a volume of 113921 shares traded. The stock had previously closed at GBX 267.50 ($3.48).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 380 ($4.94) target price on shares of Restore in a report on Thursday, May 16th.

Restore Stock Up 2.1 %

The company’s 50 day moving average price is GBX 259.32 and its two-hundred day moving average price is GBX 245.06. The firm has a market cap of £373.45 million, a PE ratio of 8,926.67, a PEG ratio of 0.41 and a beta of 0.57. The company has a current ratio of 1.07, a quick ratio of 1.28 and a debt-to-equity ratio of 100.35.

Restore Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Thursday, September 19th will be paid a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 19th. Restore’s dividend payout ratio is presently 16,666.67%.

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.