RS Group plc (LON:RS1) Given Average Rating of “Moderate Buy” by Brokerages

RS Group plc (LON:RS1) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 732.

Several equities analysts have issued reports on RS1 shares. Shore Capital reiterated a “buy” rating on shares of RS Group in a research note on Thursday. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 810 price objective on shares of RS Group in a research note on Friday. Citigroup decreased 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. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 700 price target on shares of RS Group in a research report on Tuesday, September 30th. Finally, Berenberg Bank dropped 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.

RS Group Stock Down 1.8%

Shares of RS1 traded down GBX 11 during mid-day trading on Friday, hitting GBX 584. The company’s stock had a trading volume of 1,047,801 shares, compared to its average volume of 1,600,458. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 47.26. The company’s 50-day moving average is GBX 563.50 and its 200-day moving average is GBX 563.30. RS Group has a 52-week low of GBX 476.80 and a 52-week high of GBX 772. The firm has a market capitalization of £2.74 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.85 and a beta of 0.86.

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

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.