RS Group (LON:RS1) Trading Down 1.4% – What’s Next?

RS Group plc (LON:RS1)’s stock price dropped 1.4% during mid-day trading on Tuesday . The company traded as low as GBX 646.50 ($8.16) and last traded at GBX 648 ($8.17). Approximately 650,745 shares were traded during trading, a decline of 83% from the average daily volume of 3,789,500 shares. The stock had previously closed at GBX 657 ($8.29).

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RS1 shares. Shore Capital upgraded RS Group to a “buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their target price on shares of RS Group from GBX 770 ($9.71) to GBX 780 ($9.84) and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 840 ($10.60) price target on shares of RS Group in a report on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 840 ($10.60).

RS Group Price Performance

The stock has a market capitalization of £3.03 billion, a P/E ratio of 16.59, a PEG ratio of 1.85 and a beta of 0.86. The company has a debt-to-equity ratio of 47.26, a quick ratio of 1.24 and a current ratio of 2.01. The firm has a fifty day moving average price of GBX 667.64 and a two-hundred day moving average price of GBX 723.45.

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.