RS Group (LON:RS1) Sets New 1-Year High – What’s Next?

RS Group plc (LON:RS1)’s share price hit a new 52-week high on Tuesday. The stock traded as high as GBX 780 and last traded at GBX 772, with a volume of 14892362 shares trading hands. The stock had previously closed at GBX 766.

Wall Street Analyst Weigh In

A number of research firms have commented on RS1. Berenberg Bank reaffirmed a “hold” rating and set a GBX 600 target price on shares of RS Group in a report on Wednesday, June 3rd. JPMorgan Chase & Co. boosted their price target on RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, 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 research report on Wednesday, July 1st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, RS Group currently has an average rating of “Moderate Buy” and an average target price of GBX 696.25.

RS Group Price Performance

The company’s fifty day moving average price is GBX 730.79 and its 200 day moving average price is GBX 656.13. The company has a debt-to-equity ratio of 35.05, a quick ratio of 1.24 and a current ratio of 1.79. The firm has a market capitalization of £3.54 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 1.85 and a beta of 0.87.

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.