RS Group (LON:RS1) Share Price Breaks Above 50 Day Moving Average – Here’s What Happened

RS Group plc (LON:RS1)’s stock price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 763.62 and traded as high as GBX 819. RS Group shares last traded at GBX 806.33, with a volume of 49,013,262 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RS1 shares. JPMorgan Chase & Co. raised their price objective on shares of RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a report on Friday, July 17th. Berenberg Bank boosted their target price on shares of RS Group from GBX 650 to GBX 900 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, RS Group has a consensus rating of “Moderate Buy” and an average target price of GBX 733.75.

RS Group Stock Performance

The firm has a market capitalization of £3.47 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 1.85 and a beta of 0.87. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 35.05. The company has a 50-day moving average of GBX 763.62 and a 200-day moving average of GBX 677.49.

RS Group (LON:RS1) last announced its earnings results on Thursday, November 5th. The company reported GBX 20.90 EPS for the quarter. The firm had revenue of GBX 154.43 billion for the quarter. RS Group had a return on equity of 11.55% and a net margin of 5.62%.

About RS Group

RS Group plc is a high-service global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably.

We operate in 33 markets, stock over 875,000 industrial and specialist products and list an additional five million relevant for our industrial customers, sourced from over 2,500 suppliers. This extensive range supports our customers across the industrial lifecycle of designing, building, and maintaining equipment and operations. We enhance their experience through a tailored service model, leveraging our efficient physical, digital and process infrastructure sustainably.