RS Group (LON:RS1) Given New GBX 700 Price Target at Citigroup

RS Group (LON:RS1) had its price objective reduced by Citigroup from GBX 800 to GBX 700 in a report released on Friday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Berenberg Bank lowered their target price on shares of RS Group from GBX 700 to GBX 670 and set a “hold” rating for the company in a report on Tuesday, September 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 700 price target on shares of RS Group in a report on Tuesday, September 30th. Finally, Shore Capital restated a “buy” rating on shares of RS Group in a report on Thursday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 732.

RS Group Trading Down 1.8%

LON RS1 traded down GBX 11 during trading hours on Friday, hitting GBX 584. 1,047,801 shares of the company’s stock were exchanged, compared to its average volume of 1,600,458. The business’s 50 day moving average is GBX 563.88 and its 200-day moving average is GBX 563.92. The company has a debt-to-equity ratio of 47.26, a quick ratio of 1.24 and a current ratio of 2.01. RS Group has a 12-month low of GBX 476.80 and a 12-month high of GBX 772. The firm has a market capitalization of £2.74 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86.

RS Group (LON:RS1) last posted its quarterly earnings data on Thursday, November 6th. The company reported GBX 17.60 EPS for the quarter. RS Group had a net margin of 6.24% and a return on equity of 12.99%.

RS Group Company Profile

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.