Shore Capital Upgrades RS Group (LON:RS1) to “Hold”

Shore Capital upgraded shares of RS Group (LON:RS1 – Get Rating) to a hold rating in a research note issued to investors on Tuesday, MarketBeat.com reports.

Other research analysts have also recently issued research reports about the company. Morgan Stanley started coverage on RS Group in a report on Thursday, February 16th. They issued an equal weight rating and a GBX 950 ($11.58) target price on the stock. Berenberg Bank raised their price objective on RS Group from GBX 1,010 ($12.31) to GBX 1,050 ($12.80) and gave the company a hold rating in a research report on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, RS Group presently has a consensus rating of Hold and an average target price of GBX 1,038.33 ($12.65).

RS Group Price Performance

Shares of RS Group stock opened at GBX 922 ($11.24) on Tuesday. RS Group has a twelve month low of GBX 790 ($9.63) and a twelve month high of GBX 1,169 ($14.25). The stock has a market capitalization of £4.36 billion, a P/E ratio of 1,646.43, a PEG ratio of 1.85 and a beta of 0.86. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 29.28. The business’s fifty day moving average price is GBX 961.99 and its 200 day moving average price is GBX 967.06.

RS Group Company Profile

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RS Group plc, together with its subsidiaries, distributes various electronics and industrial products in the United Kingdom, the United States, France, Germany, Italy, 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.