RS Group plc (LON:RS1) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of RS Group plc (LON:RS1) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 682.14.

A number of research firms have weighed in on RS1. Stifel Nicolaus restated a “buy” rating and issued a GBX 675 price target on shares of RS Group in a research note on Wednesday, May 20th. Jefferies Financial Group restated a “buy” rating and issued a GBX 700 price target on shares of RS Group in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 700 price target on shares of RS Group in a research report on Thursday, May 21st. Berenberg Bank reissued a “hold” rating and set a GBX 600 price target on shares of RS Group in a research report on Wednesday, June 3rd. Finally, Royal Bank Of Canada boosted their price target on RS Group from GBX 770 to GBX 780 and gave the stock an “outperform” rating in a research report on Thursday, May 21st.

RS Group Stock Up 2.8%

RS1 stock opened at GBX 629.87 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.79 and a debt-to-equity ratio of 35.05. The business has a 50 day moving average price of GBX 620.43 and a two-hundred day moving average price of GBX 633.75. The company has a market cap of £2.98 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.85 and a beta of 0.83. RS Group has a twelve month low of GBX 536.90 and a twelve month high of GBX 821.71.

RS Group (LON:RS1) last posted its quarterly earnings results on Wednesday, May 20th. The company reported GBX 38.70 earnings per share for the quarter. The firm 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 declared that its Board of Directors has authorized a share repurchase program on Wednesday, May 20th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.