RS Group plc (LON:RS1) Given Consensus Rating of “Moderate Buy” by Analysts

RS Group plc (LON:RS1) has earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 696.25.

RS1 has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded RS Group to a “buy” rating and boosted their price objective for the company from GBX 700 to GBX 775 in a report on Wednesday, July 1st. JPMorgan Chase & Co. increased their target price on RS Group from GBX 635 to GBX 720 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 675 target price on shares of RS Group in a research report on Wednesday, May 20th. Berenberg Bank reissued a “hold” rating and set a GBX 600 target price on shares of RS Group in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 700 price target on shares of RS Group in a report on Thursday, May 21st.

RS Group Stock Up 0.8%

Shares of LON RS1 opened at GBX 733.50 on Wednesday. RS Group has a 1 year low of GBX 536.90 and a 1 year high of GBX 821.71. The firm has a 50-day simple moving average of GBX 645.58 and a two-hundred day simple moving average of GBX 639. The company has a market cap of £3.38 billion, a P/E ratio of 21.26, a PEG ratio of 1.85 and a beta of 0.87. The company has a debt-to-equity ratio of 35.05, a current ratio of 1.79 and a quick ratio of 1.24.

RS Group (LON:RS1) last released its earnings results on Wednesday, May 20th. The company reported GBX 38.70 EPS for the quarter. RS Group had a return on equity of 11.55% and a net margin of 5.62%.The firm had revenue of GBX 288.11 billion for the quarter.

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

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.