Restore (RST) Hits New 1-Year High at $580.00

Shares of Restore PLC (LON:RST) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 580 ($7.77) and last traded at GBX 575 ($7.70), with a volume of 37255 shares changing hands. The stock had previously closed at GBX 561.50 ($7.52).

RST has been the topic of a number of research analyst reports. Berenberg Bank raised their target price on Restore from GBX 435 ($5.83) to GBX 585 ($7.83) and gave the company a “buy” rating in a report on Tuesday, September 12th. N+1 Singer raised Restore to a “buy” rating and raised their target price for the company from GBX 500 ($6.70) to GBX 600 ($8.04) in a report on Monday, September 11th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 528 ($7.07) target price on shares of Restore in a report on Monday, September 11th.

The company also recently announced a dividend, which was paid on Friday, November 10th. Stockholders of record on Thursday, October 12th were given a dividend of GBX 1.67 ($0.02) per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a dividend yield of 0.3%.

In other news, insider Martin Towers bought 5,000 shares of the stock in a transaction dated Monday, September 25th. The shares were bought at an average price of GBX 528 ($7.07) per share, for a total transaction of £26,400 ($35,355.56).

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About Restore

Restore plc is a United Kingdom-based support services company. The Company is engaged in providing services to offices and workplaces in the private and public sectors. It operates in two segments: Document Management and Relocation. Document management includes business streams, such asRecords Management, Restore Shred and Restore Scan.

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