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

Shares of RS Group plc (LON:RS1) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 692.86.

A number of analysts have recently commented on the stock. UBS Group reissued a “neutral” rating and set a GBX 620 target price on shares of RS Group in a research note on Monday, May 18th. Royal Bank Of Canada raised their price target on shares of RS Group from GBX 770 to GBX 780 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft upgraded RS Group to a “buy” rating and lifted their price objective for the stock from GBX 700 to GBX 775 in a report on Wednesday, July 1st. Berenberg Bank reiterated a “hold” rating and set a GBX 600 price objective on shares of RS Group in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 700 target price on shares of RS Group in a report on Thursday, May 21st.

RS Group Price Performance

Shares of LON RS1 opened at GBX 602.08 on Friday. The firm has a market cap of £2.78 billion, a PE ratio of 17.45, a PEG ratio of 1.85 and a beta of 0.85. The firm has a fifty day moving average of GBX 628.44 and a 200 day moving average of GBX 633.73. 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 has a one year low of GBX 536.90 and a one year high of GBX 821.71.

RS Group (LON:RS1) last posted its quarterly earnings data on Wednesday, May 20th. The company reported GBX 38.70 earnings per share (EPS) for the quarter. The business had revenue of GBX 288.11 billion for the quarter. RS Group had a net margin of 5.62% and a return on equity of 11.55%.

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