Royal Bank Of Canada Forecasts Strong Price Appreciation for RS Group (LON:RS1) Stock

RS Group (LON:RS1) had its price objective hoisted by Royal Bank Of Canada from GBX 770 to GBX 780 in a report released on Thursday,Digital Look reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 17.74% from the stock’s previous close.

A number of other analysts have also recently commented on RS1. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 675 target price on shares of RS Group in a report on Wednesday. UBS Group reiterated a “neutral” rating and set a GBX 620 price target on shares of RS Group in a research note on Monday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 690.83.

RS Group Trading Down 4.0%

RS Group stock opened at GBX 662.50 on Thursday. The business has a 50-day simple moving average of GBX 598.56 and a two-hundred day simple moving average of GBX 623.26. The company has a market cap of £3.10 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.85 and a beta of 0.80. RS Group has a 52-week low of GBX 536.90 and a 52-week high of GBX 821.71. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 39.74.

RS Group (LON:RS1) last issued its quarterly earnings data on Wednesday, May 20th. The company reported GBX 38.70 earnings per share for the quarter. The firm had revenue of GBX 288.11 billion for the quarter. RS Group had a net margin of 5.49% and a return on equity of 11.47%.

RS Group announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 20th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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. 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.