Royal Bank Of Canada Cuts RS Group (LON:RS1) Price Target to GBX 770

Key Points

• Royal Bank of Canada cut its price target for RS Group to GBX 770 (from GBX 810) while retaining an "outperform" rating, a level that implies roughly a 37.6% upside from the stock's previous close.
• Analyst consensus remains positive: Stifel Nicolaus reiterated a GBX 700 "buy" and overall there are five Buy ratings and one Hold, with a consensus target of GBX 708 (Moderate Buy).
• RS Group shares opened at GBX 559.50, trading between a 52-week low of GBX 476.80 and high of GBX 821.71, with a market cap of £2.62 billion and a P/E of 16.55.

RS Group (LON:RS1 - Get Free Report) had its price objective lowered by Royal Bank Of Canada from GBX 810 to GBX 770 in a research report issued on Monday,London Stock Exchange reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 37.62% from the stock's previous close.

Separately, Stifel Nicolaus reiterated a "buy" rating and set a GBX 700 price target on shares of RS Group in a report on Thursday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 708.

RS Group Stock Performance

Shares of RS Group stock opened at GBX 559.50 on Monday. RS Group has a 52 week low of GBX 476.80 and a 52 week high of GBX 821.71. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 39.74. The business has a 50 day moving average price of GBX 658.30 and a 200-day moving average price of GBX 614.40. The company has a market cap of £2.62 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.85 and a beta of 0.69.

About RS Group

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. 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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