RS Group (LON:RS1) Upgraded at Deutsche Bank Aktiengesellschaft

RS Group (LON:RS1) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a research report issued on Wednesday,Digital Look reports. The firm presently has a GBX 775 price objective on the stock, up from their previous price objective of GBX 700. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 30.14% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada boosted their price target on RS Group from GBX 770 to GBX 780 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Berenberg Bank reaffirmed a “hold” rating and set a GBX 600 price objective on shares of RS Group in a report on Wednesday, June 3rd. UBS Group reiterated a “neutral” rating and set a GBX 620 price objective on shares of RS Group in a research report on Monday, May 18th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 675 target price on shares of RS Group in a report on Wednesday, May 20th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 700 target price on shares of RS Group in a research report on Thursday, May 21st. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 692.86.

RS Group Price Performance

LON:RS1 traded up GBX 14 on Wednesday, reaching GBX 595.50. 1,861,365 shares of the company’s stock traded hands, compared to its average volume of 10,843,671. 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 stock has a 50-day simple moving average of GBX 628.42 and a 200-day simple moving average of GBX 635.56. The firm has a market cap of £2.82 billion, a PE ratio of 17.26, a P/E/G ratio of 1.85 and a beta of 0.83. RS Group has a 12 month low of GBX 536.90 and a 12 month high of GBX 821.71.

RS Group (LON:RS1) last released its quarterly earnings data on Wednesday, May 20th. The company reported GBX 38.70 earnings per share 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 announced that its board has approved a share repurchase program on Wednesday, May 20th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are 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.