RS Group (LON:RS1) Sets New 12-Month High – Should You Buy?

RS Group plc (LON:RS1)’s stock price reached a new 52-week high during trading on Thursday. The stock traded as high as GBX 819 and last traded at GBX 806.33, with a volume of 49,013,262 shares traded. The stock had previously closed at GBX 760.

Analyst Ratings Changes

RS1 has been the topic of a number of analyst reports. Berenberg Bank upped their target price on shares of RS Group from GBX 650 to GBX 900 and gave the stock a “buy” rating in a report on Thursday, October 22nd. JPMorgan Chase & Co. raised their price target on shares of RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a research report on Friday, July 17th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 733.75.

RS Group Stock Performance

The company has a market cap of £3.69 billion, a PE ratio of 23.37, a PEG ratio of 1.85 and a beta of 0.87. The company has a quick ratio of 1.24, a current ratio of 1.79 and a debt-to-equity ratio of 35.05. The company has a 50-day moving average of GBX 762.50 and a 200-day moving average of GBX 676.71.

RS Group (LON:RS1) last announced its quarterly earnings results on Thursday, November 5th. The company reported GBX 20.90 earnings per share (EPS) for the quarter. The business had revenue of GBX 154.43 billion during the quarter. RS Group had a return on equity of 11.55% and a net margin of 5.62%.

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.