RS Group (LON:RS1) Sets New 1-Year High – Should You Buy?

RS Group plc (LON:RS1 – Get Free Report)’s share price reached a new 52-week high on Tuesday. The company traded as high as GBX 780 and last traded at GBX 772, with a volume of 14892362 shares. The stock had previously closed at GBX 766.

Analyst Ratings Changes

Several equities analysts recently commented on RS1 shares. Berenberg Bank reiterated a “hold” rating and set a GBX 600 price target on shares of RS Group in a report on Wednesday, June 3rd. JPMorgan Chase & Co. upped their price target on shares of RS Group from GBX 635 to GBX 720 and gave the stock an “overweight” rating in a report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft raised RS Group to a “buy” rating and lifted their target price for the company from GBX 700 to GBX 775 in a research report on Wednesday, July 1st. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 696.25.

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RS Group Price Performance

The company has a debt-to-equity ratio of 35.05, a quick ratio of 1.24 and a current ratio of 1.79. The stock’s 50 day simple moving average is GBX 734.69 and its 200-day simple moving average is GBX 657.91. The firm has a market cap of £3.55 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.85 and a beta of 0.87.

RS Group Company Profile

(Get Free Report)

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.

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