RS Group plc (LON:RS1) Receives GBX 708 Average Price Target from Analysts

RS Group plc (LON:RS1) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 692.14.

RS1 has been the topic of several research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 700 target price on shares of RS Group in a research report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 675 target price on shares of RS Group in a research report on Wednesday. UBS Group reaffirmed a “neutral” rating and issued a GBX 620 target price on shares of RS Group in a research report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 700 target price on shares of RS Group in a research report on Thursday. Finally, Royal Bank Of Canada increased their target price on RS Group from GBX 770 to GBX 780 and gave the stock an “outperform” rating in a research report on Thursday.

RS Group Trading Up 1.9%

Shares of RS1 opened at GBX 680 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 39.74. The firm has a market capitalization of £3.19 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 1.85 and a beta of 1.35. The stock’s fifty day simple moving average is GBX 599.17 and its 200 day simple moving average is GBX 624.16. RS Group has a twelve month low of GBX 536.90 and a twelve month high of GBX 821.71.

RS Group (LON:RS1) last issued its earnings results on Wednesday, May 20th. The company reported GBX 38.70 earnings per share for the quarter. The business had revenue of GBX 288.11 billion for the quarter. RS Group had a return on equity of 11.47% and a net margin of 5.49%.

RS Group declared that its board has approved a stock repurchase plan on Wednesday, May 20th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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. 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.