Restore PLC Sells Harrow Green to Pickfords’ Parent Company

An update from Restore ( (GB:RST) ) is now available.

Restore PLC has announced the sale of its subsidiary, Restore Harrow Green, to Bouverie Holdings Ltd for £5.5 million, with £2 million contingent on future performance. This decision follows a strategic review, as Harrow Green’s declining financial performance made it increasingly non-core to Restore’s operations. The sale aligns Harrow Green with Pickfords, a leader in domestic relocations, offering potential synergies. The disposal will result in a non-cash loss of approximately £3 million and additional cash costs of £2 million. Proceeds from the sale will be used to reduce debt and reinvest in Restore’s core business areas.

The most recent analyst rating on (GB:RST) stock is a Hold with a £265.00 price target. To see the full list of analyst forecasts on Restore stock, see the GB:RST Stock Forecast page.

Spark’s Take on GB:RST Stock

According to Spark, TipRanks’ AI Analyst, GB:RST is a Neutral.

Restore’s overall stock score is primarily driven by its solid financial performance, characterized by strong cash flow and profitability margins. Technical analysis presents mixed signals with some bearish trends, while valuation indicates the stock is relatively expensive. The absence of earnings call and corporate events data limits additional insights.

To see Spark’s full report on GB:RST stock, click here.

More about Restore

Restore PLC operates in the commercial relocation industry, providing services for complex workspace moves primarily to corporate and public sector clients. The company focuses on delivering strategic solutions for its clients’ relocation needs.

Average Trading Volume: 281,110

Technical Sentiment Signal: Strong Sell

Current Market Cap: £325.2M

For an in-depth examination of RST stock, go to TipRanks’ Overview page.