RS Group (LON:RS1) Earns “Buy” Rating from Jefferies Financial Group

RS Group (LON:RS1)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a research note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 700 price objective on the stock. Jefferies Financial Group’s target price indicates a potential upside of 6.06% from the stock’s current price.

A number of other research firms have also commented on RS1. UBS Group reaffirmed a “neutral” rating and set a GBX 620 price target on shares of RS Group in a research report on Monday. Royal Bank Of Canada upped their price target on shares of RS Group from GBX 770 to GBX 780 and gave the company an “outperform” rating in a report on Thursday. Finally, Stifel Nicolaus reissued a “buy” rating and set a GBX 675 price objective on shares of RS Group in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, RS Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 692.14.

RS Group Trading Down 4.3%

Shares of RS1 stock traded down GBX 30 on Thursday, hitting GBX 660. The stock had a trading volume of 9,560,896 shares, compared to its average volume of 11,066,251. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 39.74. RS Group has a twelve month low of GBX 536.90 and a twelve month high of GBX 821.71. The company has a fifty day moving average price of GBX 598.56 and a two-hundred day moving average price of GBX 623.26. The firm has a market cap of £3.09 billion, a P/E ratio of 19.53, a PEG ratio of 1.85 and a beta of 0.80.

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

RS Group announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 20th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board 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.