RS Group (LON:RS1) Reaches New 12-Month Low – What’s Next?

RS Group plc (LON:RS1) reached a new 52-week low on Thursday . The stock traded as low as GBX 612 ($7.76) and last traded at GBX 612 ($7.76), with a volume of 35889 shares trading hands. The stock had previously closed at GBX 623.50 ($7.91).

Analyst Upgrades and Downgrades

RS1 has been the subject of several research reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 840 ($10.65) price objective on shares of RS Group in a report on Friday, November 29th. Shore Capital upgraded shares of RS Group to a “buy” rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of RS Group from GBX 770 ($9.77) to GBX 780 ($9.89) 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 assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 840 ($10.65).

RS Group Stock Down 1.7 %

The company has a market cap of £2.89 billion, a PE ratio of 15.84, a P/E/G ratio of 1.85 and a beta of 0.86. The firm has a 50-day simple moving average of GBX 660.37 and a two-hundred day simple moving average of GBX 718.49. The company has a debt-to-equity ratio of 47.26, a current ratio of 2.01 and a quick ratio of 1.24.

RS Group Company Profile

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.