RS Group (LON:RS1) Stock Price Down 0.9% – Here’s What Happened

RS Group plc (LON:RS1) traded down 0.9% during trading on Tuesday . The stock traded as low as GBX 580.50 and last traded at GBX 581.50. 1,411,185 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 10,915,755 shares. The stock had previously closed at GBX 587.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RS1. UBS Group restated a “neutral” rating and issued a GBX 620 price objective on shares of RS Group in a report on Monday, May 18th. Berenberg Bank reiterated a “hold” rating and issued a GBX 600 target price on shares of RS Group in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 700 price target on shares of RS Group in a research note on Thursday, May 21st. Royal Bank Of Canada boosted their price target on shares of RS Group from GBX 770 to GBX 780 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 675 price objective on shares of RS Group in a research note on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 682.14.

RS Group Trading Down 0.9%

The company has a market capitalization of £2.75 billion, a PE ratio of 16.86, a PEG ratio of 1.85 and a beta of 0.83. The company has a fifty day simple moving average of GBX 628.42 and a 200-day simple moving average of GBX 635.56. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 35.05.

RS Group (LON:RS1) last announced its quarterly earnings data on Wednesday, May 20th. The company reported GBX 38.70 earnings per share (EPS) for the quarter. RS Group had a net margin of 5.62% and a return on equity of 11.55%. The firm had revenue of GBX 288.11 billion during the quarter.

RS Group declared that its board has approved a share repurchase plan on Wednesday, May 20th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

RS Group Company Profile

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.