RS Group (LON:RS1) Earns “Buy” Rating from Berenberg Bank

RS Group (LON:RS1)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued on Thursday, Digital Look reports. They presently have a GBX 900 price target on the stock. Berenberg Bank‘s price target would suggest a potential upside of 10.57% from the company’s current price.

Several other equities research analysts have also recently issued reports on RS1. JPMorgan Chase & Co. raised their price objective on shares of RS Group from GBX 635 to GBX 720 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Deutsche Bank lifted their target price on shares of RS Group from GBX 850 to GBX 885 and gave the stock a “buy” rating in a research note on Friday, November 6th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 754.29.

RS Group Stock Performance

RS1 opened at GBX 814 on Thursday. The firm has a market capitalization of £3.72 billion, a PE ratio of 23.59, a PEG ratio of 1.85 and a beta of 0.92. RS Group has a twelve month low of GBX 544.50 and a twelve month high of GBX 826.50. The firm’s 50-day moving average price is GBX 767.32 and its 200 day moving average price is GBX 680.67. The company has a current ratio of 1.73, a quick ratio of 1.24 and a debt-to-equity ratio of 39.51.

RS Group (LON:RS1) last issued its earnings results on Thursday, November 5th. The company reported GBX 20.90 earnings per share (EPS) for the quarter. RS Group had a return on equity of 11.86% and a net margin of 5.52%. The company had revenue of GBX 154.43 billion during the quarter.

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.