RS Group (LON:RS1) Hits New 12-Month High – What’s Next?

Shares of RS Group plc (LON:RS1) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 708 and last traded at GBX 708, with a volume of 1765882 shares changing hands. The stock had previously closed at GBX 704.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 670 price target on shares of RS Group in a research report on Friday, November 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 810 price objective on shares of RS Group in a report on Friday, November 7th. Citigroup decreased their price objective on shares of RS Group from GBX 800 to GBX 700 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, Shore Capital Group restated a “buy” rating on shares of RS Group in a research note on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, RS Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 720.

RS Group Trading Up 1.8%

The company has a debt-to-equity ratio of 47.26, a current ratio of 2.01 and a quick ratio of 1.24. The stock’s 50-day simple moving average is GBX 642.49 and its two-hundred day simple moving average is GBX 592.54. The firm has a market capitalization of £3.36 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86.

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. 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.