RS Group (LON:RS1) Price Target Raised to GBX 900

RS Group (LON:RS1) had its price objective lifted by Berenberg Bank from GBX 650 to GBX 900 in a research report released on Thursday,Digital Look reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft raised shares of RS Group to a “buy” rating and increased their price target for the stock from GBX 700 to GBX 775 in a research report on Wednesday, July 1st. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 733.75.

RS Group Stock Down 1.4%

LON RS1 opened at GBX 770.63 on Thursday. RS Group has a twelve month low of GBX 541.50 and a twelve month high of GBX 821.71. The stock has a market cap of £3.53 billion, a PE ratio of 22.34, a PEG ratio of 1.85 and a beta of 0.87. The firm has a 50-day simple moving average of GBX 754.33 and a 200 day simple moving average of GBX 680.31. The company has a debt-to-equity ratio of 35.05, a quick ratio of 1.24 and a current ratio of 1.79.

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.