RS Group plc (LON:RS1) Given Average Rating of “Moderate Buy” by Analysts

Shares of RS Group plc (LON:RS1) have received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 696.25.

A number of research analysts have recently weighed in on RS1 shares. Stifel Nicolaus restated a “buy” rating and issued a GBX 675 target price on shares of RS Group in a report on Wednesday, May 20th. JPMorgan Chase & Co. upped their price target on RS Group from GBX 635 to GBX 720 and gave the stock an “overweight” rating in a report on Friday, July 17th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 700 price target on shares of RS Group in a research report on Thursday, May 21st. Royal Bank Of Canada lifted their price objective 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RS Group to a “buy” rating and upped their target price for the stock from GBX 700 to GBX 775 in a research note on Wednesday, July 1st.

RS Group Price Performance

RS1 stock opened at GBX 729.12 on Friday. The company has a market capitalization of £3.43 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 1.85 and a beta of 0.87. The company has a debt-to-equity ratio of 35.05, a quick ratio of 1.24 and a current ratio of 1.79. RS Group has a 52-week low of GBX 536.90 and a 52-week high of GBX 821.71. The business has a 50-day simple moving average of GBX 666.11 and a two-hundred day simple moving average of GBX 646.53.

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

RS Group declared that its board has authorized a stock repurchase program on Wednesday, May 20th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are 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.