RS Group (LON:RS1) Reaches New 52-Week Low – Here’s Why

RS Group plc (LON:RS1) shares hit a new 52-week low during mid-day trading 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 changing hands. The stock had previously closed at GBX 623.50 ($7.91).

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Berenberg Bank restated a “hold” rating and set a GBX 840 ($10.65) target price on shares of RS Group in a research report on Friday, November 29th. Shore Capital raised RS Group to a “buy” rating in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lifted their price objective on RS Group from GBX 770 ($9.77) to GBX 780 ($9.89) and gave the company a “neutral” rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, RS Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 840 ($10.65).

RS Group Stock Performance

The stock has a market capitalization of £2.89 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. The company has a fifty day moving average of GBX 660.37 and a two-hundred day 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.