Citigroup Has Lowered Expectations for RS Group (LON:RS1) Stock Price

RS Group (LON:RS1) had its price target cut by Citigroup from GBX 800 to GBX 700 in a research report issued to clients and investors on Friday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 19.86% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Berenberg Bank reduced their price target on shares of RS Group from GBX 700 to GBX 670 and set a “hold” rating for the company in a research report on Tuesday, September 2nd. Jefferies Financial Group reissued a “buy” rating and set a GBX 700 target price on shares of RS Group in a report on Tuesday, September 30th. Finally, Shore Capital restated a “buy” rating on shares of RS Group in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 732.

RS Group Price Performance

LON:RS1 opened at GBX 584 on Friday. 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 company has a 50 day moving average price of GBX 563.88 and a 200-day moving average price of GBX 564.43. RS Group has a 1-year low of GBX 476.80 and a 1-year high of GBX 772. The firm has a market cap of £2.74 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86.

RS Group (LON:RS1) last issued its quarterly earnings results on Thursday, November 6th. The company reported GBX 17.60 earnings per share (EPS) for the quarter. RS Group had a return on equity of 12.99% and a net margin of 6.24%.

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.