RS Group (LON:RS1) Receives “Hold” Rating from Berenberg Bank

RS Group (LON:RS1)‘s stock had its “hold” rating reissued by investment analysts at Berenberg Bank in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 600 price target on the stock. Berenberg Bank’s target price would suggest a potential downside of 10.04% from the stock’s current price.

Several other research firms also recently commented on RS1. Royal Bank Of Canada boosted their target price on shares of RS Group from GBX 770 to GBX 780 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Stifel Nicolaus reissued a “buy” rating and issued a GBX 675 target price on shares of RS Group in a report on Wednesday, May 20th. UBS Group restated a “neutral” rating and issued a GBX 620 price target on shares of RS Group in a research report on Monday, May 18th. Jefferies Financial Group restated a “buy” rating and issued a GBX 700 price target on shares of RS Group in a research report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 700 price target on shares of RS Group in a research report on Thursday, May 21st. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 682.14.

RS Group Price Performance

RS1 stock opened at GBX 667 on Wednesday. RS Group has a one year low of GBX 536.90 and a one year high of GBX 821.71. The company’s fifty day moving average price is GBX 607.02 and its 200-day moving average price is GBX 629.14. The company has a debt-to-equity ratio of 35.05, a quick ratio of 1.24 and a current ratio of 1.79. The company has a market capitalization of £3.12 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.85 and a beta of 0.80.

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

RS Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 20th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

About RS Group

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

We operate in 36 markets, stock over 800,000 technical 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.