RS Group (LON:RS1) Given Buy Rating at Stifel Nicolaus

RS Group (LON:RS1)‘s stock had its “buy” rating reissued by investment analysts at Stifel Nicolaus in a research note issued on Wednesday,London Stock Exchange reports. They currently have a GBX 675 target price on the stock. Stifel Nicolaus’ target price would suggest a potential downside of 1.60% from the stock’s previous close.

RS1 has been the topic of a number of other research reports. UBS Group restated a “neutral” rating and issued a GBX 620 price objective on shares of RS Group in a research report on Monday. Royal Bank Of Canada cut their target price on RS Group from GBX 810 to GBX 770 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, RS Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 689.17.

RS Group Stock Performance

Shares of LON RS1 opened at GBX 686 on Wednesday. The stock has a market cap of £3.21 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 1.85 and a beta of 0.80. RS Group has a 1-year low of GBX 536.90 and a 1-year high of GBX 821.71. The stock’s 50-day moving average is GBX 597.51 and its 200 day moving average is GBX 622.33. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 39.74.

RS Group (LON:RS1) last released its earnings results on Wednesday, May 20th. The company reported GBX 38.70 earnings per share for the quarter. RS Group had a return on equity of 11.47% and a net margin of 5.49%.The company had revenue of GBX 288.11 billion during the quarter.

About RS Group

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.