RS Group (LON:RS1) Price Target Raised to GBX 780 at Royal Bank Of Canada

RS Group (LON:RS1) had its price target lifted by analysts at Royal Bank Of Canada from GBX 770 to GBX 780 in a research report issued on Thursday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 17.74% from the stock’s current price.

Several other equities research analysts also recently weighed in on RS1. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 675 price target on shares of RS Group in a report on Wednesday. UBS Group restated a “neutral” rating and set a GBX 620 price objective on shares of RS Group in a report on Monday. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 690.83.

RS Group Stock Performance

LON:RS1 opened at GBX 662.50 on Thursday. The firm has a market capitalization of £3.10 billion, a PE ratio of 19.60, a PEG ratio of 1.85 and a beta of 0.80. The stock’s fifty day moving average is GBX 598.56 and its 200 day moving average is GBX 623.26. RS Group has a fifty-two week low of GBX 536.90 and a fifty-two week high of GBX 821.71. The company has a debt-to-equity ratio of 39.74, a quick ratio of 1.24 and a current ratio of 1.94.

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

RS Group announced that its board has initiated a stock repurchase plan on Wednesday, May 20th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are 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.