RS Group (LON:RS1) Shares Up 0.2% – What’s Next?

RS Group plc (LON:RS1) rose 0.2% during trading on Wednesday . The company traded as high as GBX 647.50 and last traded at GBX 643.66. Approximately 70,388,875 shares traded hands during trading, an increase of 538% from the average daily volume of 11,029,494 shares. The stock had previously closed at GBX 642.50.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 810 price target on shares of RS Group in a report on Friday, November 7th. Shore Capital reiterated a “buy” rating on shares of RS Group in a report on Thursday, November 6th. Berenberg Bank reiterated a “hold” rating and set a GBX 670 price objective on shares of RS Group in a research note on Friday, November 7th. Citigroup decreased their price target on shares of RS Group from GBX 800 to GBX 700 and set a “buy” rating for the company in a research report on Friday, November 7th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 700 price objective on shares of RS Group in a research report on Tuesday, September 30th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, RS Group presently has an average rating of “Moderate Buy” and an average price target of GBX 720.

RS Group Price Performance

The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 47.26. The company has a 50 day moving average of GBX 610.64 and a 200-day moving average of GBX 582.57. The stock has a market capitalization of £3.04 billion, a P/E ratio of 19.20, a PEG ratio of 1.85 and a beta of 0.86.

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

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. 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.