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

Shares of RS Group plc (LON:RS1) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. Two 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 brokerages that have issued a report on the stock in the last year is GBX 696.25.

A number of brokerages have weighed in on RS1. Stifel Nicolaus restated a “buy” rating and issued a GBX 675 price objective on shares of RS Group in a report on Wednesday, May 20th. Royal Bank Of Canada upped their target price on shares of RS Group from GBX 770 to GBX 780 and gave the stock an “outperform” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. increased their target price on shares of RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a research report on Friday, July 17th. UBS Group reissued a “neutral” rating and issued a GBX 620 price target on shares of RS Group in a research note on Monday, May 18th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 700 price target on shares of RS Group in a research report on Thursday, May 21st.

RS Group Stock Performance

LON RS1 opened at GBX 699 on Wednesday. The company has a market cap of £3.22 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.85 and a beta of 0.85. The stock’s 50 day simple moving average is GBX 643.04 and its 200-day simple moving average is GBX 636.74. RS Group has a 1-year low of GBX 536.90 and a 1-year high of GBX 821.71. 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 issued its quarterly earnings results on Wednesday, May 20th. The company reported GBX 38.70 earnings per share (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 has approved a share buyback plan on Wednesday, May 20th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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.