RS Group plc (LON:RS1 – Get Free Report) dropped 1.6% on Tuesday . The company traded as low as GBX 765 ($10.09) and last traded at GBX 765 ($10.09). Approximately 896,502 shares traded hands during trading, a decline of 25% from the average daily volume of 1,190,723 shares. The stock had previously closed at GBX 777.50 ($10.25).
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on RS1 shares. Royal Bank of Canada decreased their target price on RS Group from GBX 925 ($12.20) to GBX 900 ($11.87) and set an “outperform” rating for the company in a research note on Wednesday, May 29th. JPMorgan Chase & Co. raised their price objective on shares of RS Group from GBX 780 ($10.29) to GBX 785 ($10.35) and gave the stock a “neutral” rating in a research report on Friday, July 12th. Finally, Shore Capital reiterated a “hold” rating on shares of RS Group in a research report on Wednesday, May 22nd.
Get Our Latest Report on RS Group
RS Group Trading Up 0.6 %
Insider Activity
In related news, insider David J. R. Sleath acquired 3,255 shares of the company’s stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of GBX 733 ($9.67) per share, for a total transaction of £23,859.15 ($31,464.00). In other RS Group news, insider David J. R. Sleath acquired 3,255 shares of RS Group stock in a transaction on Monday, August 5th. The stock was purchased at an average price of GBX 733 ($9.67) per share, for a total transaction of £23,859.15 ($31,464.00). Also, insider Kate Ringrose sold 9,484 shares of RS Group stock in a transaction on Monday, July 1st. The stock was sold at an average price of GBX 701 ($9.24), for a total value of £66,482.84 ($87,673.53). Corporate insiders own 0.52% 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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