Stifel Nicolaus Reaffirms “Buy” Rating for RS Group (LON:RS1)

RS Group (LON:RS1)‘s stock had its “buy” rating reiterated by equities researchers at Stifel Nicolaus in a research note issued to investors on Wednesday,London Stock Exchange reports. They presently have a GBX 675 price objective on the stock. Stifel Nicolaus’ target price would indicate a potential downside of 1.60% from the stock’s previous close.

A number of other research firms have also recently commented on RS1. Royal Bank Of Canada lowered their price target on shares of RS Group from GBX 810 to GBX 770 and set an “outperform” rating on the stock in a report on Monday, March 30th. UBS Group reissued a “neutral” rating and issued a GBX 620 target price on shares of RS Group in a research report on Monday. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, RS Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 689.17.

RS Group Stock Up 14.2%

RS Group stock opened at GBX 686 on Wednesday. RS Group has a fifty-two week low of GBX 536.90 and a fifty-two week high of GBX 821.71. The company has a debt-to-equity ratio of 39.74, a quick ratio of 1.24 and a current ratio of 1.94. The firm’s 50-day simple moving average is GBX 597.51 and its 200 day simple moving average is GBX 622.33. The stock has a market cap of £3.21 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.85 and a beta of 0.80.

RS Group (LON:RS1) last posted its quarterly earnings data on Wednesday, May 20th. The company reported GBX 38.70 EPS for the quarter. RS Group had a net margin of 5.49% and a return on equity of 11.47%. The firm had revenue of GBX 288.11 billion during the quarter.

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.