Insider Buying: Restore plc (LON:RST) Insider Buys 100,000 Shares of Stock

Restore plc (LON:RST) insider Charles Skinner bought 100,000 shares of the stock in a transaction dated Friday, August 30th. The stock was purchased at an average cost of GBX 280 ($3.69) per share, for a total transaction of £280,000 ($369,247.00).

Restore Trading Up 1.7 %

Shares of RST stock opened at GBX 284.77 ($3.76) on Monday. Restore plc has a 1-year low of GBX 169.50 ($2.24) and a 1-year high of GBX 295.88 ($3.90). The company has a debt-to-equity ratio of 100.35, a current ratio of 1.07 and a quick ratio of 1.28. The business’s fifty day moving average price is GBX 264.36 and its 200 day moving average price is GBX 247.32. The firm has a market capitalization of £389.20 million, a PE ratio of 9,333.33, a P/E/G ratio of 0.41 and a beta of 0.57.

Restore Cuts Dividend

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 380 ($5.01) price objective on shares of Restore in a report on Thursday, May 16th.

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.