RS Group (LON:RS1) Earns “Buy” Rating from Berenberg Bank

RS Group (LON:RS1)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research note issued on Thursday, Digital Look reports. They currently have a GBX 900 price target on the stock. Berenberg Bank‘s price objective points to a potential upside of 10.57% from the company’s current price.

Other analysts have also issued research reports about the company. Deutsche Bank boosted their target price on RS Group from GBX 850 to GBX 885 and gave the company a “buy” rating in a research report on Friday, November 6th. JPMorgan Chase & Co. lifted their price objective on RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a research note on Friday, July 17th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 754.29.

RS Group Price Performance

RS Group stock opened at GBX 814 on Thursday. The company’s 50 day simple moving average is GBX 767.32 and its 200-day simple moving average is GBX 680.67. The company has a debt-to-equity ratio of 39.51, a quick ratio of 1.24 and a current ratio of 1.73. RS Group has a 1 year low of GBX 544.50 and a 1 year high of GBX 826.50. The company has a market capitalization of £3.72 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 1.85 and a beta of 0.92.

RS Group (LON:RS1) last posted its quarterly earnings data on Thursday, November 5th. The company reported GBX 20.90 earnings per share for the quarter. RS Group had a net margin of 5.52% and a return on equity of 11.86%. The firm had revenue of GBX 154.43 billion during the quarter.

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.