RS Group (LON:RS1) Shares Down 1.1% – What’s Next?

RS Group plc (LON:RS1)’s share price was down 1.1% during trading on Monday . The stock traded as low as GBX 718 and last traded at GBX 727.50. 2,515,201 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 9,243,437 shares. The stock had previously closed at GBX 735.50.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RS1. Royal Bank Of Canada raised their price objective on shares of RS Group from GBX 770 to GBX 780 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. boosted their target price on shares of RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft raised shares of RS Group to a “buy” rating and increased their price target for the stock from GBX 700 to GBX 775 in a report on Wednesday, July 1st. Berenberg Bank restated a “hold” rating and set a GBX 600 price target on shares of RS Group in a research report on Wednesday, June 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 675 price objective on shares of RS Group in a report on Wednesday, May 20th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, RS Group currently has an average rating of “Moderate Buy” and an average target price of GBX 696.25.

RS Group Price Performance

The stock has a market capitalization of £3.34 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.85 and a beta of 0.87. The stock’s 50 day moving average is GBX 708.03 and its two-hundred day moving average is GBX 650.66. 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 declared that its board has authorized a stock repurchase plan on Wednesday, May 20th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is 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.