Analysts Set RS Group plc (LON:RS1) Price Target at GBX 696.25

RS Group plc (LON:RS1) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 696.25.

Several research analysts have issued reports on RS1 shares. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 600 target price on shares of RS Group in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft raised shares of RS Group to a “buy” rating and raised their price target for the company from GBX 700 to GBX 775 in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of RS Group from GBX 635 to GBX 720 and gave the stock an “overweight” rating in a report on Friday, July 17th.

RS Group Stock Up 0.4%

LON:RS1 opened at GBX 766.50 on Thursday. The company has a market capitalization of £3.52 billion, a PE ratio of 22.22, a P/E/G ratio of 1.85 and a beta of 0.87. The company has a debt-to-equity ratio of 35.05, a current ratio of 1.79 and a quick ratio of 1.24. RS Group has a 1-year low of GBX 536.90 and a 1-year high of GBX 821.71. The firm’s 50-day moving average price is GBX 725.03 and its 200-day moving average price is GBX 653.64.

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.