RS Group (LON:RS1) Hits New 12-Month High – Still a Buy?

RS Group plc (LON:RS1)’s share price reached a new 52-week high during trading on Thursday. The stock traded as high as GBX 819 and last traded at GBX 806.33, with a volume of 49,013,262 shares changing hands. The stock had previously closed at GBX 760.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RS1. Deutsche Bank Aktiengesellschaft upped their price target on shares of RS Group from GBX 850 to GBX 885 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. raised 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. Finally, Berenberg Bank boosted their target price on RS Group from GBX 650 to GBX 900 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, RS Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 754.29.

RS Group Trading Down 2.1%

The firm has a market capitalization of £3.61 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 1.85 and a beta of 0.92. 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 50 day moving average price of GBX 764.36 and a two-hundred day moving average price of GBX 678.27.

RS Group (LON:RS1) last announced its earnings results on Thursday, November 5th. The company reported GBX 20.90 earnings per share (EPS) for the quarter. The company had revenue of GBX 154.43 billion for the quarter. RS Group had a return on equity of 11.55% and a net margin of 5.62%.

About RS Group

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.