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

RS Group plc (LON:RS1) has received an average rating of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 682.14.

Several equities analysts have commented on RS1 shares. Royal Bank Of Canada increased their target price on shares of RS Group from GBX 770 to GBX 780 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. UBS Group reiterated a “neutral” rating and set a GBX 620 price target on shares of RS Group in a report on Monday, May 18th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 675 price target on shares of RS Group in a report on Wednesday, May 20th. Berenberg Bank reiterated a “hold” rating and set a GBX 600 price target on shares of RS Group in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 700 price target on shares of RS Group in a report on Thursday, May 21st.

RS Group Trading Down 0.2%

RS Group stock opened at GBX 620.50 on Tuesday. The company has a debt-to-equity ratio of 35.05, a current ratio of 1.79 and a quick ratio of 1.24. The company has a market capitalization of £2.94 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.85 and a beta of 0.83. RS Group has a one year low of GBX 536.90 and a one year high of GBX 821.71. The company’s fifty day moving average price is GBX 621.51 and its two-hundred day moving average price is GBX 634.59.

RS Group (LON:RS1) last posted its earnings results on Wednesday, May 20th. The company reported GBX 38.70 EPS for the quarter. The firm had revenue of GBX 288.11 billion for the quarter. RS Group had a net margin of 5.62% and a return on equity of 11.55%.

RS Group declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 20th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership 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.