RS Group plc (LON:RS1) Given Average Recommendation of “Moderate Buy” by Brokerages

RS Group plc (LON:RS1) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 682.14.

RS1 has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 700 target price on shares of RS Group in a research note on Thursday, May 21st. 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. Stifel Nicolaus reissued a “buy” rating and set a GBX 675 target price on shares of RS Group in a research note on Wednesday, May 20th. UBS Group reissued a “neutral” rating and set a GBX 620 target price on shares of RS Group in a research note on Monday, May 18th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 700 target price on shares of RS Group in a research note on Thursday, May 21st.

RS Group Stock Down 2.0%

RS1 stock opened at GBX 642.99 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.79 and a debt-to-equity ratio of 35.05. The company has a market cap of £3.05 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.85 and a beta of 0.83. RS Group has a 52 week low of GBX 536.90 and a 52 week high of GBX 821.71. The business has a 50-day simple moving average of GBX 615.26 and a 200 day simple moving average of GBX 632.32.

RS Group (LON:RS1) last issued its 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 return on equity of 11.55% and a net margin of 5.62%.

RS Group declared that its Board of Directors has approved a stock buyback program on Wednesday, May 20th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

RS Group Company Profile

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.