RS Group (LON:RS1) Given Hold Rating at Berenberg Bank

RS Group (LON:RS1)‘s stock had its “hold” rating reiterated by equities researchers at Berenberg Bank in a research report issued on Friday,Digital Look reports. They currently have a GBX 670 price target on the stock. Berenberg Bank’s price objective points to a potential upside of 13.85% from the stock’s previous close.

A number of other research analysts have also recently weighed in on RS1. Citigroup dropped their price target on RS Group from GBX 800 to GBX 700 and set a “buy” rating for the company in a research report on Friday. Shore Capital restated a “buy” rating on shares of RS Group in a report on Thursday. Jefferies Financial Group restated a “buy” rating and set a GBX 700 target price on shares of RS Group in a research report on Tuesday, September 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 810 price target on shares of RS Group in a research report on Friday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 732.

RS Group Price Performance

RS1 stock opened at GBX 588.50 on Friday. The firm has a 50 day moving average of GBX 563.88 and a 200-day moving average of GBX 564.85. The company has a market cap of £2.76 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 1.85 and a beta of 0.86. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 47.26. RS Group has a 12-month low of GBX 476.80 and a 12-month high of GBX 763.

RS Group (LON:RS1) last released 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%.

RS Group Company Profile

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.