RS Group (LON:RS1) Trading Up 8.3% – Here’s Why

Shares of RS Group plc (LON:RS1) were up 8.3% on Wednesday . The stock traded as high as GBX 662.50 and last traded at GBX 650.50. Approximately 9,092,263 shares traded hands during trading, a decline of 18% from the average daily volume of 11,082,978 shares. The stock had previously closed at GBX 600.50.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RS1 shares. Stifel Nicolaus restated a “buy” rating and set a GBX 700 target price on shares of RS Group in a research note on Thursday, March 26th. Royal Bank Of Canada dropped their target price on RS Group from GBX 810 to GBX 770 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Finally, UBS Group restated a “neutral” rating and set a GBX 620 target price on shares of RS Group in a research note on Monday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 693.33.

RS Group Trading Up 9.2%

The stock has a 50-day simple moving average of GBX 597.51 and a 200 day simple moving average of GBX 622.33. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 39.74. The company has a market cap of £3.07 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.85 and a beta of 0.80.

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. This extensive range supports our customers across the industrial lifecycle of designing, building, and maintaining equipment and operations. We enhance their experience through a tailored service model, leveraging our efficient physical, digital and process infrastructure sustainably.