RS Group (LON:RS1) Stock Price Target Raised at Berenberg Bank

RS Group (LON:RS1) had its price target hoisted by equities researchers at Berenberg Bank from GBX 650 to GBX 900 in a report issued on Thursday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 15.76% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upgraded RS Group to a “buy” rating and boosted their target price for the stock from GBX 700 to GBX 775 in a research report on Wednesday, July 1st. JPMorgan Chase & Co. increased their price target on RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a research note on Friday, July 17th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, RS Group has an average rating of “Moderate Buy” and an average price target of GBX 733.75.

RS Group Trading Up 1.8%

Shares of RS Group stock opened at GBX 777.50 on Thursday. The firm has a market cap of £3.56 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.85 and a beta of 0.87. The business has a 50-day moving average price of GBX 752.65 and a 200-day moving average price of GBX 678.20. The company has a quick ratio of 1.24, a current ratio of 1.79 and a debt-to-equity ratio of 35.05. RS Group has a twelve month low of GBX 541.50 and a twelve month high of GBX 821.71.

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.