RS Group (LON:RS1) Hits New 52-Week High – What’s Next?

RS Group plc (LON:RS1)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 916.25 and last traded at GBX 716.50, with a volume of 196052 shares changing hands. The stock had previously closed at GBX 701.50.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of RS Group to a “buy” rating and boosted their price target for the company from GBX 700 to GBX 775 in a research report on Wednesday, July 1st. Jefferies Financial Group reissued a “buy” rating and set a GBX 700 price objective on shares of RS Group in a research note on Thursday, May 21st. UBS Group restated a “neutral” rating and set a GBX 620 target price on shares of RS Group in a research report on Monday, May 18th. Stifel Nicolaus restated a “buy” rating and issued a GBX 675 target price on shares of RS Group in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada raised their price target on RS Group from GBX 770 to GBX 780 and gave the company an “outperform” rating in a report on Thursday, May 21st. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 696.25.

RS Group Stock Up 1.5%

The stock’s fifty day moving average price is GBX 645.58 and its 200 day moving average price is GBX 639. The stock has a market cap of £3.41 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 1.85 and a beta of 0.87. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 35.05.

RS Group (LON:RS1) last posted its quarterly earnings data on Wednesday, May 20th. The company reported GBX 38.70 earnings per share (EPS) for the quarter. RS Group had a net margin of 5.62% and a return on equity of 11.55%. The company had revenue of GBX 288.11 billion during the quarter.

RS Group announced that its board has authorized a share buyback plan on Wednesday, May 20th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

RS Group Company Profile

RS Group plc is a high-service global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably.

We operate in 33 markets, stock over 875,000 industrial and specialist products and list an additional five million relevant for our industrial customers, sourced from over 2,500 suppliers. This extensive range supports our customers across the industrial lifecycle of designing, building, and maintaining equipment and operations. We enhance their experience through a tailored service model, leveraging our efficient physical, digital and process infrastructure sustainably.