RS Group (LON:RS1) Reaches New 1-Year High – Time to Buy?

RS Group plc (LON:RS1) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 677.80 and last traded at GBX 673.50, with a volume of 388551 shares trading hands. The stock had previously closed at GBX 675.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RS1. Berenberg Bank restated a “hold” rating and issued a GBX 670 price objective on shares of RS Group in a report on Friday, November 7th. Citigroup dropped their target price on shares of RS Group from GBX 800 to GBX 700 and set a “buy” rating for the company in a research report on Friday, November 7th. Shore Capital restated a “buy” rating on shares of RS Group in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 810 price objective on shares of RS Group in a report on Friday, November 7th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, RS Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 720.

RS Group Trading Down 1.4%

The company has a market capitalization of £3.12 billion, a P/E ratio of 19.69, a PEG ratio of 1.85 and a beta of 0.86. The company has a debt-to-equity ratio of 47.26, a current ratio of 2.01 and a quick ratio of 1.24. The business’s 50-day moving average price is GBX 631.78 and its two-hundred day moving average price is GBX 588.66.

RS Group (LON:RS1) last released its quarterly earnings data on Thursday, November 6th. The company reported GBX 17.60 EPS for the quarter. RS Group had a net margin of 6.24% and a return on equity of 12.99%.

RS Group Company Profile

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.