Restore (RST) Given New GBX 515 Price Target at Berenberg Bank
Restore (LON:RST) had its target price dropped by equities researchers at Berenberg Bank from GBX 620 ($8.10) to GBX 515 ($6.73) in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 50.23% from the company’s previous close.
Several other equities analysts have also recently issued reports on RST. Liberum Capital restated a “buy” rating on shares of Restore in a research report on Monday, September 17th. Peel Hunt restated an “add” rating on shares of Restore in a research report on Monday, September 17th.
Restore stock opened at GBX 342.80 ($4.48) on Monday. Restore has a fifty-two week low of GBX 350 ($4.57) and a fifty-two week high of GBX 602 ($7.87).
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 offers cloud storage that allows access to indexed records.
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