RS Group plc (LON:RS1) Given Consensus Recommendation of “Moderate Buy” by Brokerages

RS Group plc (LON:RS1) has been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 692.86.

A number of research firms recently commented on RS1. Royal Bank Of Canada boosted their target price on shares of RS Group from GBX 770 to GBX 780 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Stifel Nicolaus restated a “buy” rating and set a GBX 675 target price on shares of RS Group in a report on Wednesday, May 20th. UBS Group restated a “neutral” rating and issued a GBX 620 price target on shares of RS Group in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft raised RS Group to a “buy” rating and upped their price target for the company from GBX 700 to GBX 775 in a report on Wednesday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 700 price objective on shares of RS Group in a research report on Thursday, May 21st.

RS Group Price Performance

Shares of RS Group stock opened at GBX 621.41 on Friday. RS Group has a 52 week low of GBX 536.90 and a 52 week 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 market cap of £2.94 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 1.85 and a beta of 0.83. The company’s 50-day moving average price is GBX 628.54 and its two-hundred day moving average price is GBX 634.92.

RS Group (LON:RS1) last posted its quarterly earnings data on Wednesday, May 20th. The company reported GBX 38.70 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 288.11 billion during the quarter.

RS Group declared that its Board of Directors has initiated a share buyback program on Wednesday, May 20th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

RS Group Company Profile

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.