RS Group (LON:RS1) Price Target Raised to GBX 720 at JPMorgan Chase & Co.

RS Group (LON:RS1) had its price target hoisted by JPMorgan Chase & Co. from GBX 635 to GBX 720 in a research report report published on Friday morning, MarketBeat reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on RS1. Berenberg Bank reaffirmed a “hold” rating and set a GBX 600 target price on shares of RS Group in a research report on Wednesday, June 3rd. Royal Bank Of Canada lifted their price target on shares of RS Group from GBX 770 to GBX 780 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Stifel Nicolaus restated a “buy” rating and issued a GBX 675 price objective on shares of RS Group in a research note on Wednesday, May 20th. UBS Group reaffirmed a “neutral” rating and set a GBX 620 price objective on shares of RS Group in a report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RS Group to a “buy” rating and raised their target price for the company from GBX 700 to GBX 775 in a research note on Wednesday, July 1st. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, RS Group presently has an average rating of “Moderate Buy” and an average price target of GBX 696.25.

RS Group Price Performance

Shares of LON:RS1 opened at GBX 670.50 on Friday. The stock has a market capitalization of £3.09 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.85 and a beta of 0.85. The business has a 50-day moving average of GBX 632.55 and a two-hundred day moving average of GBX 634.12. RS Group has a fifty-two week low of GBX 536.90 and a fifty-two week high of GBX 821.71. 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 (LON:RS1) last issued its quarterly earnings data on Wednesday, May 20th. The company reported GBX 38.70 EPS for the quarter. RS Group had a return on equity of 11.55% and a net margin of 5.62%.The business had revenue of GBX 288.11 billion for the quarter.

RS Group announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 20th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

RS Group Company Profile

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.