RS Group (LON:RS1) Receives “Buy” Rating from Shore Capital

RS Group (LON:RS1)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital in a note issued to investors on Thursday,Digital Look reports.

Several other brokerages have also recently weighed in on RS1. Berenberg Bank reduced their price target on RS Group from GBX 700 to GBX 670 and set a “hold” rating for the company in a research report on Tuesday, September 2nd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 700 price target on shares of RS Group in a research report on Tuesday, September 30th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, RS Group has a consensus rating of “Moderate Buy” and an average target price of GBX 716.67.

RS Group Price Performance

RS1 stock traded up GBX 30.07 during midday trading on Thursday, hitting GBX 582.57. The company’s stock had a trading volume of 5,241,886 shares, compared to its average volume of 1,600,890. RS Group has a 12 month low of GBX 476.80 and a 12 month high of GBX 772. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 47.26. The firm has a market capitalization of £2.73 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. The company has a 50 day moving average of GBX 563.42 and a two-hundred day moving average of GBX 563.23.

RS Group (LON:RS1) last posted its quarterly earnings results on Thursday, November 6th. The company reported GBX 17.60 earnings per share for the quarter. RS Group had a return on equity of 12.99% and a net margin of 6.24%.

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.