RS Group (LON:RS1) Sets New 52-Week High – Here’s Why

RS Group plc (LON:RS1)’s share price hit a new 52-week high on Friday. The stock traded as high as GBX 798 and last traded at GBX 787.52, with a volume of 887457 shares trading hands. The stock had previously closed at GBX 750.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RS1. Deutsche Bank Aktiengesellschaft raised shares of RS Group to a “buy” rating and upped their price target for the company from GBX 700 to GBX 775 in a report on Wednesday, July 1st. JPMorgan Chase & Co. raised their target price on shares of RS Group from GBX 635 to GBX 720 and gave the stock an “overweight” rating in a report on Friday, July 17th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, RS Group presently has an average rating of “Moderate Buy” and an average price target of GBX 696.25.

RS Group Trading Up 5.0%

The firm has a market capitalization of £3.61 billion, a PE ratio of 22.83, 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 current ratio of 1.79 and a quick ratio of 1.24. The company has a fifty day moving average of GBX 743.23 and a 200-day moving average of GBX 664.72.

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.