Citigroup Upgrades RS Group (LON:RS1) to “Buy”

Citigroup upgraded shares of RS Group (LON:RS1) to a buy rating in a research report released on Thursday morning, Digital Look reports.

Several other equities research analysts have also recently commented on the stock. Shore Capital reiterated a hold rating on shares of RS Group in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. boosted their price objective on RS Group from GBX 780 ($10.26) to GBX 785 ($10.32) and gave the stock a neutral rating in a report on Friday, July 12th. Finally, Royal Bank of Canada cut their price objective on RS Group from GBX 925 ($12.16) to GBX 900 ($11.83) and set an outperform rating on the stock in a report on Wednesday, May 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of GBX 841.67 ($11.07).

RS Group Price Performance

Shares of RS Group stock opened at GBX 760 ($9.99) on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 47.24. The company’s 50-day moving average price is GBX 767.42 and its two-hundred day moving average price is GBX 748.69. RS Group has a 52 week low of GBX 551.20 ($7.25) and a 52 week high of GBX 852.60 ($11.21). The stock has a market cap of £3.60 billion, a PE ratio of 1,948.72, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86.

Insiders Place Their Bets

In other RS Group news, insider Kate Ringrose sold 9,484 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of GBX 701 ($9.22), for a total transaction of £66,482.84 ($87,419.91). In other RS Group news, insider Kate Ringrose sold 9,484 shares of RS Group stock in a transaction dated Monday, July 1st. The stock was sold at an average price of GBX 701 ($9.22), for a total transaction of £66,482.84 ($87,419.91). Also, insider David J. R. Sleath bought 3,255 shares of the stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of GBX 733 ($9.64) per share, for a total transaction of £23,859.15 ($31,372.98). Corporate insiders own 0.52% of the company’s stock.

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.