RS Group (LON:RS1) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

RS Group (LON:RS1) had its target price raised by investment analysts at JPMorgan Chase & Co. from GBX 635 to GBX 720 in a report issued on Friday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 8.11% from the company’s current price.

A number of other research firms have also recently commented on RS1. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 675 price objective on shares of RS Group in a research report on Wednesday, May 20th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 600 target price on shares of RS Group in a report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 700 price target on shares of RS Group in a research note on Thursday, May 21st. UBS Group restated a “neutral” rating and set a GBX 620 price objective on shares of RS Group in a research report on Monday, May 18th. Finally, Royal Bank Of Canada boosted their price objective on RS Group from GBX 770 to GBX 780 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 696.25.

RS Group Stock Performance

RS1 opened at GBX 666 on Friday. RS Group has a 12-month low of GBX 536.90 and a 12-month high of GBX 821.71. The stock has a market cap of £3.07 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 1.85 and a beta of 0.85. The business has a 50 day moving average of GBX 631.42 and a 200-day moving average of GBX 633.86. The company has a quick ratio of 1.24, a current ratio of 1.79 and a debt-to-equity ratio of 35.05.

RS Group (LON:RS1) last issued its earnings results on Wednesday, May 20th. The company reported GBX 38.70 EPS for the quarter. The company had revenue of GBX 288.11 billion during the quarter. RS Group had a return on equity of 11.55% and a net margin of 5.62%.

RS Group declared that its board has approved a share repurchase program on Wednesday, May 20th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

About RS Group

RS Group plc is a high-service global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably.

We operate in 33 markets, stock over 875,000 industrial 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.