RS Group (LON:RS1) Given “Outperform” Rating at Royal Bank Of Canada

RS Group (LON:RS1)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank Of Canada in a research note issued to investors on Friday, Marketbeat Ratings reports. They presently have a GBX 810 price objective on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 38.70% from the stock’s previous close.

A number of other brokerages have also recently issued reports on RS1. Jefferies Financial Group reissued a “buy” rating and set a GBX 700 price target on shares of RS Group in a research report on Tuesday, September 30th. Citigroup lowered their target price on shares of RS Group from GBX 800 to GBX 700 and set a “buy” rating for the company in a report on Friday. Berenberg Bank dropped their price target on RS Group from GBX 700 to GBX 670 and set a “hold” rating on the stock in a research report on Tuesday, September 2nd. Finally, Shore Capital reaffirmed a “buy” rating on shares of RS Group in a research report on Thursday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 732.

RS Group Stock Down 1.8%

Shares of RS1 traded down GBX 11 on Friday, reaching GBX 584. The stock had a trading volume of 1,047,801 shares, compared to its average volume of 1,600,458. The company has a debt-to-equity ratio of 47.26, a quick ratio of 1.24 and a current ratio of 2.01. RS Group has a 12-month low of GBX 476.80 and a 12-month high of GBX 772. The firm has a market capitalization of £2.74 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. The company has a 50-day simple moving average of GBX 563.50 and a 200-day simple moving average of GBX 563.30.

RS Group (LON:RS1) last posted its quarterly earnings data on Thursday, November 6th. The company reported GBX 17.60 earnings per share (EPS) 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.