RS Group plc (LON:RS1) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of RS Group plc (LON:RS1) have been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 696.25.

A number of equities research analysts have weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 675 target price on shares of RS Group in a report on Wednesday, May 20th. Jefferies Financial Group restated a “buy” rating and set a GBX 700 price target on shares of RS Group in a report on Thursday, May 21st. Royal Bank Of Canada raised their price objective on shares of RS Group from GBX 770 to GBX 780 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Berenberg Bank reiterated a “hold” rating and issued a GBX 600 price objective on shares of RS Group in a research note on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a research report on Friday, July 17th.

RS Group Stock Up 1.2%

Shares of LON:RS1 opened at GBX 727 on Thursday. RS Group has a 1 year low of GBX 536.90 and a 1 year high of GBX 821.71. The company has a debt-to-equity ratio of 35.05, a current ratio of 1.79 and a quick ratio of 1.24. The business’s 50-day moving average is GBX 712.62 and its 200-day moving average is GBX 651. The company has a market capitalization of £3.33 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.85 and a beta of 0.87.

RS Group announced that its board has approved a share repurchase program on Wednesday, May 20th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

About RS Group

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.