RS Group (LON:RS1) Raised to Buy at Shore Capital

RS Group (LON:RS1) was upgraded by stock analysts at Shore Capital to a “buy” rating in a report released on Tuesday, Marketbeat Ratings reports.

Several other equities analysts also recently weighed in on RS1. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 840 ($10.46) price objective on shares of RS Group in a research note on Friday, November 29th. JPMorgan Chase & Co. raised their price target on RS Group from GBX 770 ($9.59) to GBX 780 ($9.71) and gave the company a “neutral” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 840 ($10.46).

RS Group Price Performance

Shares of LON RS1 opened at GBX 662.53 ($8.25) on Tuesday. The company has a debt-to-equity ratio of 47.24, a quick ratio of 1.24 and a current ratio of 2.01. RS Group has a one year low of GBX 617 ($7.68) and a one year high of GBX 850 ($10.58). The firm has a market capitalization of £3.14 billion, a P/E ratio of 1,698.81, a PEG ratio of 1.85 and a beta of 0.86. The company’s fifty day moving average is GBX 688.07 and its two-hundred day moving average is GBX 738.14.

RS Group (LON:RS1) last released its quarterly earnings data on Thursday, November 7th. The company reported GBX 18.70 ($0.23) EPS for the quarter. RS Group had a net margin of 6.24% and a return on equity of 13.23%.

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.