RS Group (LON:RS1) Stock Gets Price Target Increase from Deutsche Bank Aktiengesellschaft

RS Group (LON:RS1) had its target price increased by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 850 to GBX 885 in a research report issued to clients and investors on Friday, Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft‘s price objective would indicate a potential upside of 16.99% from the stock’s previous close.

RS1 has been the subject of several other reports. JPMorgan Chase & Co. lifted their price target on shares of RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a report on Friday, July 17th. Berenberg Bank upped their price objective on shares of RS Group from GBX 650 to GBX 900 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 747.50.

RS Group Stock Down 6.2%

Shares of LON RS1 opened at GBX 756.50 on Friday. The stock has a market cap of £3.46 billion, a PE ratio of 21.93, a PEG ratio of 1.85 and a beta of 0.87. The business has a fifty day moving average of GBX 763.62 and a two-hundred day moving average of GBX 677.49. RS Group has a 52-week low of GBX 544.50 and a 52-week high of GBX 821.71. 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 (LON:RS1) last issued its earnings results on Thursday, November 5th. The company reported GBX 20.90 EPS for the quarter. RS Group had a net margin of 5.62% and a return on equity of 11.55%. The company had revenue of GBX 154.43 billion for the quarter.

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.