StockMarketWire.com - N+1 Singer has downgraded its recommendation on office services provider Restore [LON:RST] to ‘hold’ from ‘buy’, following a strong run for the shares leading up to yesterday’s half yearly report.

The shares have shot up by a whopping 27 per cent in the past month alone and are up by almost 50 per cent the beginning of the year.

Nevertheless, the broker said the results have confirmed that company delivered strong progress in the first half of the year and that it continues to view Restore as an excellent long term growth story.

Target price nudged up to 240 pence a share from 220 pence, suggesting a twelve-month TSR of 6.3 per cent.



At 2:36pm: [LON:RST] Restore PLC share price was -2p at 226p



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