RS Group (LON:RS1) Trading Down 1.4% - What's Next?

RS Group plc (LON:RS1 - Get Free Report) shares were down 1.4% during mid-day trading on Tuesday . The stock traded as low as GBX 646.50 ($8.17) and last traded at GBX 648 ($8.19). Approximately 650,745 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 3,789,500 shares. The stock had previously closed at GBX 657 ($8.30).

Analyst Ratings Changes

Several analysts have issued reports on RS1 shares. JPMorgan Chase & Co. upped their target price on RS Group from GBX 770 ($9.73) to GBX 780 ($9.85) and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 840 ($10.61) target price on shares of RS Group in a research note on Friday, November 29th. Finally, Shore Capital raised RS Group to a "buy" rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, RS Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 840 ($10.61).

RS Group Stock Performance

The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 47.26. The company has a market cap of £3.02 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.85 and a beta of 0.86. The business has a fifty day moving average of GBX 663.86 and a 200 day moving average of GBX 721.57.

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.