RS Group (LON:RS1) Upgraded to “Buy” at Deutsche Bank Aktiengesellschaft

RS Group (LON:RS1) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a note issued to investors on Wednesday,Digital Look reports. The brokerage currently has a GBX 775 price target on the stock, up from their previous price target of GBX 700. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 30.14% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Berenberg Bank reaffirmed a “hold” rating and set a GBX 600 price target on shares of RS Group in a research report on Wednesday, June 3rd. Jefferies Financial Group restated a “buy” rating and set a GBX 700 target price on shares of RS Group in a research report on Thursday, May 21st. UBS Group reaffirmed a “neutral” rating and set a GBX 620 target price on shares of RS Group in a report on Monday, May 18th. Royal Bank Of Canada increased their price target 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. Finally, Stifel Nicolaus reissued a “buy” rating and set a GBX 675 price objective on shares of RS Group in a research report on Wednesday, May 20th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 692.86.

RS Group Stock Performance

Shares of RS1 stock traded up GBX 14 on Wednesday, reaching GBX 595.50. The stock had a trading volume of 1,861,365 shares, compared to its average volume of 10,843,671. 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 has a 1 year low of GBX 536.90 and a 1 year high of GBX 821.71. The stock has a market cap of £2.82 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.85 and a beta of 0.83. The company has a 50 day simple moving average of GBX 628.42 and a 200 day simple moving average of GBX 635.56.

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

RS Group announced that its board has initiated a stock buyback program on Wednesday, May 20th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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.