RS Group (LON:RS1) Sets New 1-Year High – What’s Next?

RS Group plc (LON:RS1)’s stock price reached a new 52-week high on Tuesday. The company traded as high as GBX 780 and last traded at GBX 772, with a volume of 14892362 shares changing hands. The stock had previously closed at GBX 766.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RS1. 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. JPMorgan Chase & Co. increased their price target on RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded RS Group to a “buy” rating and raised their price objective for the company from GBX 700 to GBX 775 in a research note on Wednesday, July 1st. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, RS Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 696.25.

RS Group Stock Up 0.8%

The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 35.05. The stock has a market capitalization of £3.54 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.85 and a beta of 0.87. The stock’s 50 day simple moving average is GBX 730.79 and its 200 day simple moving average is GBX 656.13.

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.