RS Group (LON:RS1) Price Target Cut to GBX 840

RS Group (LON:RS1) had its price target reduced by analysts at Berenberg Bank from GBX 940 ($11.60) to GBX 840 ($10.37) in a report released on Thursday, Marketbeat reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 18.38% from the company’s previous close.

RS Group Trading Down 1.1 %

RS1 opened at GBX 709.60 ($8.76) on Thursday. RS Group has a one year low of GBX 551.20 ($6.80) and a one year high of GBX 1,037 ($12.80). The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.24 and a current ratio of 1.90. The stock has a market cap of £3.36 billion, a price-to-earnings ratio of 1,182.67, a P/E/G ratio of 1.85 and a beta of 0.90. The stock’s 50 day moving average price is GBX 713.63 and its 200-day moving average price is GBX 762.56.

Insider Transactions at RS Group

In other news, insider Simon Pryce bought 22,500 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was acquired at an average cost of GBX 647 ($7.99) per share, with a total value of £145,575 ($179,700.04). Corporate insiders own 0.81% of the company’s stock.

About RS Group

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.