RS Group (LON:RS1) Sets New 1-Year Low – Here’s What Happened

Shares of RS Group plc (LON:RS1) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 579.50 ($7.47) and last traded at GBX 590.99 ($7.62), with a volume of 1296392 shares changing hands. The stock had previously closed at GBX 609.50 ($7.85).

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RS1. Berenberg Bank restated a “hold” rating and set a GBX 840 ($10.82) price objective on shares of RS Group in a research report on Friday, November 29th. Shore Capital upgraded RS Group to a “buy” rating in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of RS Group from GBX 770 ($9.92) to GBX 780 ($10.05) and gave the company a “neutral” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 840 ($10.82).

RS Group Trading Down 2.0 %

The firm has a fifty day moving average of GBX 652.07 and a 200-day moving average of GBX 712.38. 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 stock has a market capitalization of £2.90 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.85 and a beta of 0.86.

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.