RS Group (LON:RS1) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

RS Group plc (LON:RS1)’s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 763.62 and traded as high as GBX 819. RS Group shares last traded at GBX 806.33, with a volume of 49,013,262 shares traded.

Analyst Ratings Changes

RS1 has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of RS Group from GBX 850 to GBX 885 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their target price on shares of RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a research note on Friday, July 17th. Finally, Berenberg Bank raised their target price on shares of RS Group from GBX 650 to GBX 900 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 754.29.

RS Group Stock Performance

The stock has a market capitalization of £3.61 billion, a PE ratio of 22.88, a PEG ratio of 1.85 and a beta of 0.92. The business has a 50 day moving average price of GBX 764.36 and a 200 day moving average price of GBX 678.27. The company has a debt-to-equity ratio of 35.05, a current ratio of 1.79 and a quick ratio of 1.24.

RS Group (LON:RS1) last issued its quarterly earnings results on Thursday, November 5th. The company reported GBX 20.90 earnings per share for the quarter. The firm had revenue of GBX 154.43 billion during the quarter. RS Group had a return on equity of 11.55% and a net margin of 5.62%.

About RS Group

RS Group plc is a high-service global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably.

We operate in 33 markets, stock over 875,000 industrial 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.