Brokerages Set RS Group plc (LON:RS1) PT at GBX 692.86

RS Group plc (LON:RS1) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 692.86.

A number of research firms have recently weighed in on RS1. UBS Group reaffirmed a “neutral” rating and set a GBX 620 price target on shares of RS Group in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft raised RS Group to a “buy” rating and raised their price target for the company from GBX 700 to GBX 775 in a research report on Wednesday, July 1st. Jefferies Financial Group restated a “buy” rating and issued a GBX 700 price objective on shares of RS Group in a research note on Thursday, May 21st. Stifel Nicolaus restated a “buy” rating and set a GBX 675 price target on shares of RS Group in a research note on Wednesday, May 20th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 600 price target on shares of RS Group in a report on Wednesday, June 3rd.

RS Group Price Performance

Shares of LON RS1 traded up GBX 9 during midday trading on Friday, reaching GBX 617.50. The company’s stock had a trading volume of 855,755 shares, compared to its average volume of 10,339,730. The company has a market cap of £2.85 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 1.85 and a beta of 0.85. RS Group has a one year low of GBX 536.90 and a one year high of GBX 821.71. The company has a 50 day moving average price of GBX 628.88 and a 200 day moving average price of GBX 633.39. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 35.05.

RS Group (LON:RS1) last released its quarterly 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 during the quarter. RS Group had a return on equity of 11.55% and a net margin of 5.62%.

RS Group announced that its Board of Directors has approved a stock buyback plan on Wednesday, May 20th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

RS Group Company Profile

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.