Brokerages Set RS Group plc (LON:RS1) Target Price at GBX 696.25

RS Group plc (LON:RS1 – Get Free Report) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 696.25.

Several brokerages recently commented on RS1. 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. Berenberg Bank restated a “hold” rating and set a GBX 600 price objective on shares of RS Group in a report on Wednesday, June 3rd. Royal Bank Of Canada upped their target price on RS Group from GBX 770 to GBX 780 and gave the company an “outperform” rating in a research report on Thursday, May 21st. UBS Group reissued a “neutral” rating and set a GBX 620 price target on shares of RS Group in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. lifted their price target on RS Group from GBX 635 to GBX 720 and gave the stock an “overweight” rating in a report on Friday, July 17th.

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RS Group Price Performance

LON:RS1 opened at GBX 756.50 on Friday. The company has a market cap of £3.56 billion, a P/E ratio of 21.93, a P/E/G ratio of 1.85 and a beta of 0.87. The firm’s fifty day moving average price is GBX 678.90 and its two-hundred day moving average price is GBX 648.86. RS Group has a one year low of GBX 536.90 and a one year high of GBX 821.71. The company has a debt-to-equity ratio of 35.05, a current ratio of 1.79 and a quick ratio of 1.24.

RS Group announced that its board has authorized a share buyback program on Wednesday, May 20th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

About RS Group

(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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