RS Group (LON:RS1) Receives “Hold” Rating from Deutsche Bank Aktiengesellschaft

RS Group (LON:RS1)‘s stock had its “hold” rating reissued by equities researchers at Deutsche Bank Aktiengesellschaft in a report issued on Thursday,London Stock Exchange reports. They presently have a GBX 700 target price on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 6.06% from the company’s current price.

A number of other equities analysts have also recently commented on RS1. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 700 target price on shares of RS Group in a report on Thursday. UBS Group restated a “neutral” rating and issued a GBX 620 price target on shares of RS Group in a research report on Monday. Royal Bank Of Canada raised their price objective on RS Group from GBX 770 to GBX 780 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Stifel Nicolaus reiterated a “buy” rating and set a GBX 675 price objective on shares of RS Group in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, RS Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 692.14.

RS Group Stock Performance

Shares of RS1 traded down GBX 30 on Thursday, reaching GBX 660. The company’s stock had a trading volume of 9,560,896 shares, compared to its average volume of 11,066,251. The stock’s 50 day simple moving average is GBX 598.56 and its two-hundred day simple moving average is GBX 623.26. The company has a debt-to-equity ratio of 39.74, a current ratio of 1.94 and a quick ratio of 1.24. The stock has a market capitalization of £3.09 billion, a P/E ratio of 19.53, a PEG ratio of 1.85 and a beta of 0.80. 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 results on Wednesday, May 20th. The company reported GBX 38.70 earnings per share for the quarter. The business had revenue of GBX 288.11 billion for the quarter. RS Group had a net margin of 5.49% and a return on equity of 11.47%.

RS Group announced that its board has approved a share buyback plan on Wednesday, May 20th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.