RS Group plc (LON:RS1) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• RS Group has a “Moderate Buy” consensus from nine analysts: seven recommend buying the shares, while two rate them a hold. The average 12-month price target is GBX 696.25.
• Recent broker actions have generally been positive, including Deutsche Bank upgrading the stock to “buy” with a GBX 775 target and JPMorgan raising its target to GBX 720.
• RS Group shares opened at GBX 727, with a market capitalization of approximately £3.33 billion and a 12-month trading range of GBX 536.90 to GBX 821.71.

Shares of RS Group plc (LON:RS1 - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 696.25.

RS1 has been the topic of several recent research reports. 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. Berenberg Bank restated a "hold" rating and set a GBX 600 price objective on shares of RS Group in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft raised RS Group to a "buy" rating and lifted their price objective for the stock from GBX 700 to GBX 775 in a research note on Wednesday, July 1st. JPMorgan Chase & Co. upped their target price on RS Group from GBX 635 to GBX 720 and gave the company an "overweight" rating in a report on Friday, July 17th. Finally, Stifel Nicolaus restated a "buy" rating and set a GBX 675 price target on shares of RS Group in a report on Wednesday, May 20th.

RS Group Stock Performance

Shares of RS Group stock opened at GBX 727 on Thursday. The stock has a market cap of £3.33 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.85 and a beta of 0.87. RS Group has a twelve month low of GBX 536.90 and a twelve month high of GBX 821.71. The company's fifty day moving average is GBX 712.62 and its 200 day moving average is GBX 651. The company has a quick ratio of 1.24, a current ratio of 1.79 and a debt-to-equity ratio of 35.05.

RS Group announced that its board has approved a share buyback plan on Wednesday, May 20th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

RS Group Company Profile

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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