Sam Dindol, an analyst from Stifel Nicolaus, maintained the Buy rating on RS Group PLC. The associated price target is p675.00.
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Sam Dindol has given his Buy rating due to a combination of factors that, in his view, are not reflected in the current share price. RS Group has demonstrated resilient profitability, with adjusted profit before tax expected to slightly exceed market forecasts despite another year of negative like-for-like sales, helped by firm gross margins and tight cost discipline.
He also highlights that the balance sheet is healthy, leaving room for both organic investment and bolt-on deals, while management actions should support operating leverage as demand gradually normalizes. On top of this, the shares trade at a forward EV/EBITDA multiple notably below their long‑term average, and he sees both internal self‑help initiatives and potential takeover interest as additional sources of upside, supporting his Buy stance and 675p target price.
According to TipRanks, Dindol is a 4-star analyst with an average return of 8.7% and a 60.11% success rate.
In another report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a p770.00 price target.