RS Group (LON:RS1) Stock Price Target Raised at Berenberg Bank

RS Group (LON:RS1) had its price objective boosted by equities researchers at Berenberg Bank from GBX 650 to GBX 900 in a research report issued to clients and investors on Thursday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 15.76% from the company’s current price.

RS1 has been the topic of a number of other reports. JPMorgan Chase & Co. upped their price objective on RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft raised RS Group to a “buy” rating and raised their price objective for the company from GBX 700 to GBX 775 in a research note on Wednesday, July 1st. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 733.75.

RS Group Trading Up 1.8%

RS1 opened at GBX 777.50 on Thursday. The firm has a market cap of £3.56 billion, a P/E ratio of 22.54, a P/E/G ratio of 1.85 and a beta of 0.87. RS Group has a 12 month low of GBX 541.50 and a 12 month high of GBX 821.71. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 35.05. The stock has a 50-day moving average of GBX 752.65 and a 200 day moving average of GBX 678.20.

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.