RS Group (LON:RS1) Sets New 12-Month High – Still a Buy?

RS Group plc (LON:RS1) shares reached a new 52-week high on Friday. The stock traded as high as GBX 798 and last traded at GBX 787.52, with a volume of 887457 shares traded. The stock had previously closed at GBX 750.

Analyst Ratings Changes

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft raised shares of RS Group to a “buy” rating and boosted their target price for the company from GBX 700 to GBX 775 in a research note on Wednesday, July 1st. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 696.25.

RS Group Stock Performance

The company has a market cap of £3.61 billion, a P/E ratio of 22.83, a PEG ratio of 1.85 and a beta of 0.87. The company has a 50 day moving average price of GBX 743.23 and a 200-day moving average price of GBX 664.72. The company has a quick ratio of 1.24, a current ratio of 1.79 and a debt-to-equity ratio of 35.05.

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.