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

Key Points

• RS Group has a “Moderate Buy” consensus among nine analysts, with seven buy ratings and two holds. The average 12-month price target is GBX 696.25.
• Recent broker actions have generally been positive: Deutsche Bank upgraded the stock to buy with a GBX 775 target, while RBC raised its target to GBX 780 and JPMorgan increased its target to GBX 720.
• Shares opened at GBX 729.12, giving RS Group a market capitalization of about £3.43 billion. The company recently reported quarterly EPS of GBX 38.70, revenue of GBX 288.11 billion, and a net margin of 5.62%.

RS Group plc (LON:RS1 - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 696.25.

RS1 has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded RS Group to a "buy" rating and increased their price target for the stock from GBX 700 to GBX 775 in a report on Wednesday, July 1st. Jefferies Financial Group restated a "buy" rating and set a GBX 700 price objective on shares of RS Group in a report on Thursday, May 21st. Berenberg Bank reaffirmed a "hold" rating and set a GBX 600 target price on shares of RS Group in a research report on Wednesday, June 3rd. Royal Bank Of Canada increased their target price on RS Group from GBX 770 to GBX 780 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. increased their target price on RS Group from GBX 635 to GBX 720 and gave the stock an "overweight" rating in a report on Friday, July 17th.

RS Group Price Performance

Shares of LON RS1 opened at GBX 729.12 on Friday. The firm has a market capitalization of £3.43 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.85 and a beta of 0.87. The firm's 50-day moving average price is GBX 666.11 and its 200-day moving average price is GBX 646.53. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 35.05. RS Group has a 1-year low of GBX 536.90 and a 1-year high of GBX 821.71.

RS Group (LON:RS1 - Get Free Report) last issued its 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 during the quarter.

RS Group declared that its board has authorized a stock buyback program on Wednesday, May 20th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is 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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