Royal Bank Of Canada Has Lowered Expectations for RS Group (LON:RS1) Stock Price

RS Group (LON:RS1) had its price objective decreased by stock analysts at Royal Bank Of Canada from GBX 810 to GBX 770 in a note issued to investors on Monday,London Stock Exchange reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 37.62% from the stock’s previous close.

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 700 target price on shares of RS Group in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 708.

RS Group Stock Performance

Shares of RS Group stock opened at GBX 559.50 on Monday. The business’s fifty day simple moving average is GBX 658.30 and its 200 day simple moving average is GBX 614.40. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 39.74. RS Group has a 12 month low of GBX 476.80 and a 12 month high of GBX 821.71. The firm has a market capitalization of £2.62 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 1.85 and a beta of 0.69.

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.