RS Group’s (RS1) “Hold” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

RS Group (LON:RS1)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 700 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 6.06% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 700 price objective on shares of RS Group in a report on Thursday. UBS Group restated a “neutral” rating and issued a GBX 620 price target on shares of RS Group in a research report on Monday. Royal Bank Of Canada upped their price target on shares of RS Group from GBX 770 to GBX 780 and gave the company an “outperform” rating in a research note on Thursday. Finally, Stifel Nicolaus reiterated a “buy” rating and set a GBX 675 price objective on shares of RS Group in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 692.14.

RS Group Price Performance

RS1 stock traded down GBX 30 during mid-day trading on Thursday, hitting GBX 660. The company had a trading volume of 9,560,896 shares, compared to its average volume of 11,066,251. The company has a 50-day moving average price of GBX 598.56 and a 200 day moving average price of GBX 623.26. RS Group has a 12-month low of GBX 536.90 and a 12-month high of GBX 821.71. The company has a market capitalization of £3.09 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 1.85 and a beta of 0.80. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 39.74.

RS Group (LON:RS1) last issued its earnings results on Wednesday, May 20th. The company reported GBX 38.70 earnings per share (EPS) for the quarter. The firm had revenue of GBX 288.11 billion for the quarter. RS Group had a return on equity of 11.47% and a net margin of 5.49%.

RS Group announced that its board has initiated a stock repurchase plan on Wednesday, May 20th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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.