Insider Selling: Restore PLC (LON:RST) Insider Sells 6,037 Shares of Stock

Restore PLC (LON:RST) insider Adam Councell sold 6,037 shares of Restore stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of GBX 403 ($5.27), for a total value of £24,329.11 ($31,790.29).

Shares of LON:RST opened at GBX 409.74 ($5.35) on Thursday. The company has a debt-to-equity ratio of 57.08, a current ratio of 1.68 and a quick ratio of 1.21. Restore PLC has a 1 year low of GBX 213 ($2.78) and a 1 year high of GBX 538 ($7.03). The stock has a market cap of $501.97 million and a PE ratio of 32.78.

The company also recently announced a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 6th will be issued a dividend of GBX 4 ($0.05) per share. This represents a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, June 6th. Restore’s payout ratio is currently 0.64%.

A number of brokerages have recently issued reports on RST. Liberum Capital reiterated a “buy” rating on shares of Restore in a report on Tuesday, February 26th. Berenberg Bank reiterated a “buy” rating and set a GBX 515 ($6.73) target price on shares of Restore in a report on Monday, March 18th. Finally, Peel Hunt reiterated a “buy” rating on shares of Restore in a report on Monday, March 18th.

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Restore Company Profile

Restore plc, together with its subsidiaries, operates as a support services company primarily in the United Kingdom. The company operates through two segments, Document Management and Relocation. The Document Management segment stores and retrieves hard copy documents stored in cardboard boxes; manages archive boxes of document files, magnetic data, films, and other materials for blue-chip organizations; and offers reorganization of customer documents, document restoration, file-tracking, and electronic data back-up services, as well as cloud storage that allows access to indexed records.

Further Reading: How can you know how many shares are floating?

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