RS Group’s (RS1) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank restated their hold rating on shares of RS Group (LON:RS1) in a report released on Friday morning, MarketBeat.com reports. They currently have a GBX 670 price objective on the stock.

Several other research analysts have also recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 700 target price on shares of RS Group in a research note on Tuesday, September 30th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 810 price target on shares of RS Group in a research report on Friday. Citigroup decreased their price target on shares of RS Group from GBX 800 to GBX 700 and set a “buy” rating for the company in a report on Friday. Finally, Shore Capital reissued a “buy” rating on shares of RS Group in a research report on Thursday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 732.

RS Group Stock Performance

RS1 traded up GBX 3.50 during trading hours on Friday, hitting GBX 587.50. The company’s stock had a trading volume of 2,075,264 shares, compared to its average volume of 1,602,636. The company has a 50-day simple moving average of GBX 563.88 and a 200 day simple moving average of GBX 564.85. 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 firm has a market capitalization of £2.75 billion, a PE ratio of 18.08, a PEG ratio of 1.85 and a beta of 0.86. RS Group has a fifty-two week low of GBX 476.80 and a fifty-two week high of GBX 763.

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

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.