Berenberg Bank Cuts Restore (LON:RST) Price Target to GBX 450

Restore (LON:RSTGet Rating) had its price target reduced by Berenberg Bank from GBX 500 ($5.91) to GBX 450 ($5.32) in a report issued on Tuesday, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Restore Stock Down 2.3 %

Shares of LON RST opened at GBX 317.50 ($3.75) on Tuesday. The firm has a market capitalization of £434.73 million and a price-to-earnings ratio of 2,267.86. Restore has a 52-week low of GBX 310 ($3.67) and a 52-week high of GBX 507 ($6.00). The company has a debt-to-equity ratio of 88.96, a quick ratio of 1.28 and a current ratio of 1.31. The stock has a 50 day moving average price of GBX 378.38 and a 200 day moving average price of GBX 415.47.

About Restore

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Restore plc, together with its subsidiaries, provides offices and workplaces services to the public and private sectors primarily in the United Kingdom. The company operates through two segments, Digital & Information Management, and Secure Lifecycle Services. The Digital & Information Management segment offers storage and retrieval solutions for hard copy documents, magnetic data storage tapes, and heritage assets; digital workflow services, including document scanning, workflow automation, cloud-based document management systems, robotic process automation, and artificial intelligence.

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