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

RS Group plc (LON:RS1) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 692.86.

RS1 has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of RS Group to a “buy” rating and increased their target price for the company from GBX 700 to GBX 775 in a research report on Wednesday. Royal Bank Of Canada boosted their price target on shares of RS Group from GBX 770 to GBX 780 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 600 price target on shares of RS Group in a research note on Wednesday, June 3rd. UBS Group reiterated a “neutral” rating and issued a GBX 620 price objective on shares of RS Group in a report on Monday, May 18th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 700 price objective on shares of RS Group in a research note on Thursday, May 21st.

RS Group Trading Up 1.5%

LON:RS1 opened at GBX 621.41 on Friday. RS Group has a 1 year low of GBX 536.90 and a 1 year high of GBX 821.71. The stock has a market cap of £2.94 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.85 and a beta of 0.83. The business has a fifty day moving average of GBX 628.54 and a 200-day moving average of GBX 634.92. The company has a debt-to-equity ratio of 35.05, a quick ratio of 1.24 and a current ratio of 1.79.

RS Group (LON:RS1) last issued its quarterly 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 company had revenue of GBX 288.11 billion for the quarter.

RS Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, May 20th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board 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.