RS Group’s (RS1) Buy Rating Reaffirmed at Jefferies Financial Group

RS Group (LON:RS1)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 700 price target on the stock. Jefferies Financial Group’s price target indicates a potential upside of 6.06% from the company’s previous close.

Other equities analysts have also issued research reports about the company. UBS Group reaffirmed a “neutral” rating and set a GBX 620 price target on shares of RS Group in a research note on Monday. Royal Bank Of Canada lifted their price objective on RS Group from GBX 770 to GBX 780 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus restated a “buy” rating and set a GBX 675 target price on shares of RS Group in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 692.14.

RS Group Price Performance

Shares of RS1 traded down GBX 30 during mid-day trading on Thursday, hitting GBX 660. 9,560,896 shares of the company traded hands, compared to its average volume of 11,066,251. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 39.74. The stock has a market capitalization of £3.09 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.85 and a beta of 0.80. The business has a 50-day moving average of GBX 598.56 and a 200 day moving average of GBX 623.26. 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 firm had revenue of GBX 288.11 billion for the quarter. RS Group had a return on equity of 11.47% and a net margin of 5.49%.

RS Group declared that its board has authorized a stock repurchase plan on Wednesday, May 20th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

About RS Group

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. 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.