RS Group (LON:RS1) Raised to Buy at Shore Capital

RS Group (LON:RS1Get Free Report) was upgraded by stock analysts at Shore Capital to a “buy” rating in a research report issued on Tuesday, Marketbeat.com reports.

Other equities research analysts also recently issued research reports about the company. Berenberg Bank reissued a “hold” rating and set a GBX 840 ($10.46) price target on shares of RS Group in a research report on Friday, November 29th. JPMorgan Chase & Co. boosted their target price on RS Group from GBX 770 ($9.59) to GBX 780 ($9.71) and gave the stock a “neutral” rating in a report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 840 ($10.46).

Read Our Latest Stock Report on RS Group

RS Group Price Performance

RS1 opened at GBX 662.53 ($8.25) on Tuesday. RS Group has a 1 year low of GBX 617 ($7.68) and a 1 year high of GBX 850 ($10.58). The company’s 50 day simple moving average is GBX 688.07 and its 200 day simple moving average is GBX 738.14. The stock has a market capitalization of £3.14 billion, a PE ratio of 1,698.81, a P/E/G ratio of 1.85 and a beta of 0.86. The company has a debt-to-equity ratio of 47.24, a quick ratio of 1.24 and a current ratio of 2.01.

RS Group (LON:RS1Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported GBX 18.70 ($0.23) earnings per share for the quarter. RS Group had a net margin of 6.24% and a return on equity of 13.23%.

About RS Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for RS Group (LON:RS1)

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