Restore plc (LON:RST – Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 218.09 ($2.71) and traded as low as GBX 218 ($2.71). Restore shares last traded at GBX 219.50 ($2.73), with a volume of 191,939 shares.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group raised their price objective on shares of Restore from GBX 350 ($4.36) to GBX 380 ($4.73) and gave the stock a “buy” rating in a report on Thursday, March 14th.
Get Our Latest Report on Restore
Restore Stock Performance
Restore Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 6th will be issued a GBX 3.35 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, June 6th. This is an increase from Restore’s previous dividend of $1.85. This represents a yield of 1.44%. Restore’s dividend payout ratio (DPR) is -2,173.91%.
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.
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