RS Group plc (LON:RS1 – Get Free Report) shares dropped 0.6% during trading on Wednesday . The company traded as low as GBX 709 ($8.76) and last traded at GBX 709.50 ($8.76). Approximately 1,496,560 shares were traded during mid-day trading, an increase of 54% from the average daily 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 reiterated an “outperform” rating and issued a GBX 925 ($11.43) price target on shares of RS Group in a research note on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, RS Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,013 ($12.51).
Read Our Latest Stock Report on RS Group
RS Group Stock Down 0.6 %
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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