RS Group (LON:RS1) Stock Price Down 0.6%

RS Group plc (LON:RS1)’s share price fell 0.6% during mid-day trading on Wednesday . The stock traded as low as GBX 709 ($8.76) and last traded at GBX 709.50 ($8.76). 1,496,560 shares were traded during mid-day trading, an increase of 54% from the average session volume of 973,235 shares. The stock had previously closed at GBX 714 ($8.82).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 925 ($11.43) price objective on shares of RS Group in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,013 ($12.51).

RS Group Price Performance

The firm has a market cap of £3.47 billion, a price-to-earnings ratio of 1,465.00, a P/E/G ratio of 1.85 and a beta of 0.92. The business’s 50-day simple moving average is GBX 730.85 and its two-hundred day simple moving average is GBX 748.78. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 63.10.

RS Group Company Profile

RS Group plc, together with its subsidiaries, distributes various electronics and industrial products and solutions in the United Kingdom, the United States, France, Germany, Italy, Mexico, and internationally. The company provides industrial interconnect and test, industrial automation and control, board-level electronics, and single-board computing products; and tools, consumables, and facilities maintenance products, such as personal protective equipment, site safety products, and 3D printing products.