RS Group plc (LON:RS1 – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 916.25 and last traded at GBX 716.50, with a volume of 196052 shares. The stock had previously closed at GBX 701.50.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on RS1. Berenberg Bank reissued a “hold” rating and set a GBX 600 price target on shares of RS Group in a research note on Wednesday, June 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 675 target price on shares of RS Group in a report on Wednesday, May 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 700 target price on shares of RS Group in a report on Thursday, May 21st. JPMorgan Chase & Co. boosted their price objective 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. Finally, Royal Bank Of Canada upped their target price on shares of RS Group from GBX 770 to GBX 780 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 696.25.
Get Our Latest Report on RS Group
RS Group Trading Up 2.1%
RS Group (LON:RS1 – Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The company reported GBX 38.70 EPS for the quarter. RS Group had a return on equity of 11.55% and a net margin of 5.62%.The company had revenue of GBX 288.11 billion for the quarter.
RS Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 20th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
About RS Group
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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