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

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group reissued a “neutral” rating and issued a GBX 620 price objective on shares of RS Group in a report on Monday. Royal Bank Of Canada decreased their price objective on RS Group from GBX 810 to GBX 770 and set an “outperform” rating for the company in a report on Monday, March 30th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a GBX 700 price objective on shares of RS Group in a report on Thursday, March 26th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 693.33.

RS Group Stock Up 9.2%

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. 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 business has a fifty day moving average of GBX 597.51 and a two-hundred day moving average of GBX 622.33.

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.