Berenberg Bank Reiterates Hold Rating for RS Group (LON:RS1)

RS Group (LON:RS1)‘s stock had its “hold” rating restated by equities researchers at Berenberg Bank in a research note issued on Friday, Marketbeat reports. They presently have a GBX 670 target price on the stock. Berenberg Bank’s target price points to a potential upside of 14.04% from the stock’s previous close.

A number of other analysts also recently issued reports on RS1. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 810 price objective on shares of RS Group in a report on Friday. Citigroup lowered their price target on RS Group from GBX 800 to GBX 700 and set a “buy” rating on the stock in a research report on Friday. Shore Capital reiterated a “buy” rating on shares of RS Group in a report on Thursday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 700 price objective on shares of RS Group in a research report on Tuesday, September 30th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 732.

RS Group Price Performance

RS Group stock traded up GBX 3.50 during midday trading on Friday, reaching GBX 587.50. 2,075,264 shares of the stock were exchanged, compared to its average volume of 1,602,636. The company’s fifty day moving average is GBX 563.88 and its 200-day moving average is GBX 564.85. The company has a debt-to-equity ratio of 47.26, a quick ratio of 1.24 and a current ratio of 2.01. RS Group has a 52 week low of GBX 476.80 and a 52 week high of GBX 763. The firm has a market cap of £2.75 billion, a PE ratio of 18.08, a PEG ratio of 1.85 and a beta of 0.86.

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

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.