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Analysts advise buying shares in Restore

Analysts advise buying shares in Restore

June 13, 2016

Stock market analysts have updated the company’s share ratings.

Share Trading News reportedrestore that since August last year. analysts have advised people to buy shares in the company. The Recycler reported in January that the company bought out empties collector ITP in July, UK document scanning business Crimson UK in August, document shredder Wincanton in November, and relocations company Diamond Relocations in December.

In turn, Restore’s document management business also grew by 73 percent, as reported in September, while its half-year results were said to be “broadly in line” with predictions in July.

In January this year, CEO Charles Skinner commented: “We continue to strengthen our position as a key supplier of services to UK offices and we have an excellent platform for further profitable growth with strong visibility of earnings. During the year, the integration of the Cintas business, acquired in October 2014, was completed, with occupancy rates at the combined records management business increasing to more than 90 percent, as targeted.”

 

 

Categories : City News

Tags : Business ITP Restore

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