Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for RS Group (LON:RS1) Stock

RS Group (LON:RS1) had its price objective upped by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 850 to GBX 885 in a note issued to investors on Friday, Digital Look reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft‘s target price indicates a potential upside of 16.99% from the company’s current price.

Other analysts have also issued research reports about the stock. Berenberg Bank raised their price target on shares of RS Group from GBX 650 to GBX 900 and gave the company a “buy” rating in a report on Thursday, October 22nd. JPMorgan Chase & Co. boosted their price objective on shares of RS Group from GBX 635 to GBX 720 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 747.50.

RS Group Trading Down 6.2%

RS1 opened at GBX 756.50 on Friday. 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 market capitalization of £3.46 billion, a PE ratio of 21.93, a PEG ratio of 1.85 and a beta of 0.87. RS Group has a 1-year low of GBX 544.50 and a 1-year high of GBX 821.71. The firm has a 50-day moving average price of GBX 763.62 and a two-hundred day moving average price of GBX 677.49.

RS Group (LON:RS1) last announced its earnings results on Thursday, November 5th. The company reported GBX 20.90 earnings per share for the quarter. RS Group had a net margin of 5.62% and a return on equity of 11.55%. The company had revenue of GBX 154.43 billion during the quarter.

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.