RS Group (LON:RS1) Price Target Raised to GBX 720

RS Group (LON:RS1) had its target price increased by JPMorgan Chase & Co. from GBX 635 to GBX 720 in a research note released on Friday morning, MarketBeat reports. They currently have an overweight rating on the stock.

A number of other research firms also recently weighed in on RS1. Jefferies Financial Group reiterated a “buy” rating and set a GBX 700 price target on shares of RS Group in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft upgraded shares of RS Group to a “buy” rating and increased their price objective for the company from GBX 700 to GBX 775 in a research note on Wednesday, July 1st. Berenberg Bank reaffirmed a “hold” rating and set a GBX 600 price objective on shares of RS Group in a report on Wednesday, June 3rd. UBS Group reiterated a “neutral” rating and set a GBX 620 target price on shares of RS Group in a research report on Monday, May 18th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a GBX 675 target price on shares of RS Group in a research note on Wednesday, May 20th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 696.25.

RS Group Price Performance

Shares of RS1 stock opened at GBX 670.50 on Friday. RS Group has a 12 month low of GBX 536.90 and a 12 month high of GBX 821.71. The company has a market capitalization of £3.09 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.85 and a beta of 0.85. The stock has a 50 day moving average of GBX 632.55 and a two-hundred day moving average of GBX 634.18. 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 released its quarterly earnings data on Wednesday, May 20th. The company reported GBX 38.70 earnings per share (EPS) for the quarter. The business had revenue of GBX 288.11 billion for the quarter. RS Group had a return on equity of 11.55% and a net margin of 5.62%.

RS Group announced that its Board of Directors has approved a stock buyback plan on Wednesday, May 20th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

About RS Group

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.