RS Group's (RS1) Buy Rating Reaffirmed at Jefferies Financial Group

Key Points

• Jefferies Financial Group has reaffirmed a "buy" rating for RS Group (LON:RS1) with a price target of GBX 700, indicating a potential upside of 24.67% from its current price.
• Other analysts, including Shore Capital, have also maintained a buy rating, while Berenberg Bank has reduced their target price to GBX 670 and assigned a hold rating.
• RS Group's stock has a market capitalization of £2.63 billion and has experienced a 52-week range between GBX 476.80 and GBX 824.

RS Group (LON:RS1 - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Jefferies Financial Group in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 700 price objective on the stock. Jefferies Financial Group's price target would suggest a potential upside of 24.67% from the stock's current price.

Several other equities research analysts have also recently commented on RS1. Shore Capital restated a "buy" rating on shares of RS Group in a research note on Thursday, July 17th. Berenberg Bank cut their target price on RS Group from GBX 700 to GBX 670 and set a "hold" rating on the stock in a research note on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 716.67.

RS Group Price Performance

Shares of RS1 opened at GBX 561.50 on Tuesday. The company has a debt-to-equity ratio of 47.26, a quick ratio of 1.24 and a current ratio of 2.01. The stock has a 50 day simple moving average of GBX 566.05 and a 200 day simple moving average of GBX 559.91. RS Group has a 52-week low of GBX 476.80 and a 52-week high of GBX 824. The firm has a market capitalization of £2.63 billion, a PE ratio of 1,727.69, a P/E/G ratio of 1.85 and a beta of 0.86.

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.

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