RS Group plc (LON:RS1 – Get Free Report) fell 0.5% during mid-day trading on Tuesday . The stock traded as low as GBX 739.80 ($9.26) and last traded at GBX 742 ($9.29). 984,279 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 1,080,831 shares. The stock had previously closed at GBX 745.60 ($9.33).
Wall Street Analysts Forecast Growth
RS1 has been the topic of several research analyst reports. Shore Capital restated a “hold” rating and set a GBX 1,050 ($13.14) price target on shares of RS Group in a report on Tuesday, May 23rd. Barclays restated an “overweight” rating and set a GBX 1,150 ($14.39) price target on shares of RS Group in a report on Wednesday, May 24th. Finally, Peel Hunt restated a “buy” rating and set a GBX 1,100 ($13.77) price target on shares of RS Group in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,046.25 ($13.09).
RS Group Price Performance
Insiders Place Their Bets
In other RS Group news, insider Simon Pryce purchased 14,500 shares of the stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of GBX 688 ($8.61) per share, for a total transaction of £99,760 ($124,840.45). Company insiders own 0.81% 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.
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