Royal Bank Of Canada Reiterates Outperform Rating for RS Group (LON:RS1)

RS Group (LON:RS1)‘s stock had its “outperform” rating reiterated by investment analysts at Royal Bank Of Canada in a research note issued on Friday, Marketbeat reports. They presently have a GBX 810 target price on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 38.70% from the stock’s previous close.

RS1 has been the subject of a number of other research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 700 target price on shares of RS Group in a research report on Tuesday, September 30th. Berenberg Bank cut their price objective on RS Group from GBX 700 to GBX 670 and set a “hold” rating for the company in a report on Tuesday, September 2nd. Citigroup lowered their target price on RS Group from GBX 800 to GBX 700 and set a “buy” rating on the stock in a report on Friday. Finally, Shore Capital restated a “buy” rating on shares of RS Group in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 732.

RS Group Stock Performance

RS1 traded down GBX 11 during midday trading on Friday, hitting GBX 584. 1,047,801 shares of the company traded hands, compared to its average volume of 1,600,458. The company’s 50-day moving average is GBX 563.50 and its 200 day moving average is GBX 563.30. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 47.26. The firm has a market capitalization of £2.74 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. RS Group has a 52 week low of GBX 476.80 and a 52 week high of GBX 772.

RS Group (LON:RS1) last announced its quarterly earnings results on Thursday, November 6th. The company reported GBX 17.60 EPS for the quarter. RS Group had a net margin of 6.24% and a return on equity of 12.99%.

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.