Insider trading activity at Restore plc has drawn attention as Patrick Butcher, an insider at the company, purchased 19,076 shares on December 9, 2023. The shares were acquired at an average price of GBX 262 each, totaling £49,979.12 for the transaction. This move comes as Restore’s stock opened at GBX 280.45 on Friday, marking a 3.1% increase in value.
The stock has demonstrated a range over the past year, with a low of GBX 207 and a high of GBX 355. Currently, Restore plc has a market capitalization of £380.40 million. Financial metrics indicate a price-to-earnings ratio of 41.86 and a price-to-earnings-growth ratio of 0.41. The company’s beta stands at 0.57, suggesting lower volatility compared to the market.
Financial Performance and Analyst Ratings
Restore’s financial health is underscored by its current ratio of 1.07 and a quick ratio of 1.28. The firm’s debt-to-equity ratio is reported at 100.35, illustrating its leverage position. The fifty-day moving average price is GBX 242.89, while the two-hundred-day moving average price is GBX 256.25.
Analysts have expressed a positive outlook for Restore. On October 29, 2023, Berenberg Bank reaffirmed its “buy” rating for the stock, setting a price target of GBX 360. According to MarketBeat.com, three investment analysts currently rate the stock as a Buy, contributing to a consensus rating of “Buy” with a price target of GBX 357.
About Restore plc
Restore plc is a leading provider of secure and sustainable business services focused on data, information, communications, and asset management. The company supports both public and private sectors, offering services that generate predictable and recurring income, alongside strong cash flows. Restore’s offerings include integrated information and data management, business digitization, secure recycling of paper and technology assets, and commercial relocation solutions.
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