RS Group (LON:RS1) Issues Earnings Results

RS Group (LON:RS1) posted its earnings results on Thursday. The company reported GBX 17.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. RS Group had a net margin of 6.24% and a return on equity of 12.99%.

RS Group Stock Performance

Shares of LON RS1 opened at GBX 585 on Friday. The stock has a market cap of £2.74 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 1.85 and a beta of 0.86. The stock’s 50-day moving average is GBX 563.50 and its 200 day moving average is GBX 563.30. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 47.26. RS Group has a 1-year low of GBX 476.80 and a 1-year high of GBX 772.

Analysts Set New Price Targets

RS1 has been the subject of several recent analyst reports. Berenberg Bank decreased their price target on RS Group from GBX 700 to GBX 670 and set a “hold” rating for the company in a research note on Tuesday, September 2nd. Shore Capital reaffirmed a “buy” rating on shares of RS Group in a research report on Thursday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 700 price target on shares of RS Group in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, RS Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 716.67.

RS Group Company Profile

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.