RS Group (LON:RS1 – Get Free Report) was upgraded by equities researchers at Citigroup to a “buy” rating in a report issued on Thursday, Digital Look reports.
Several other equities research analysts have also commented on RS1. JPMorgan Chase & Co. upped their price target on shares of RS Group from GBX 780 ($10.26) to GBX 785 ($10.32) and gave the company a “neutral” rating in a report on Friday, July 12th. Royal Bank of Canada dropped their target price 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. Finally, Shore Capital reissued a “hold” rating on shares of RS Group in a report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, RS Group has a consensus rating of “Hold” and a consensus target price of GBX 841.67 ($11.07).
Get Our Latest Analysis on RS1
RS Group Stock Down 2.0 %
Insider Transactions at RS Group
In other RS Group news, insider David J. R. Sleath purchased 3,255 shares of the stock in a transaction on Monday, August 5th. The shares were bought at an average price of GBX 733 ($9.64) per share, for a total transaction of £23,859.15 ($31,372.98). In other news, insider Kate Ringrose sold 9,484 shares of RS Group stock in a transaction dated Monday, July 1st. The shares were sold at an average price of GBX 701 ($9.22), for a total value of £66,482.84 ($87,419.91). Also, insider David J. R. Sleath bought 3,255 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of GBX 733 ($9.64) per share, with a total value of £23,859.15 ($31,372.98). Corporate insiders own 0.52% 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.
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