RS Group (RS1)

Sector:

Support

Index:

FTSE 100

708.00p
   
  • Change Today:
    -1.50p
  • 52 Week High: 921.40
  • 52 Week Low: 660.40
  • Currency: UK Pounds
  • Shares Issued: 474.01m
  • Volume: 775,590
  • Market Cap: £3,356.01m

JPMorgan downgrades Electrocomponents after strong run

By Michele Maatouk

Date: Thursday 04 Jun 2020

LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove downgraded its rating on shares of Electrocomponents to 'neutral' from 'overweight' on Thursday and cut the price target to 746p from 811p, mainly on valuation grounds following a strong recent share price performance.
JPM noted that since mid-January, the shares have been flat versus the FTSE 250 down 18%.

It said the company's FY20 results were solid, with pre-tax profit of £215m, at the upper end of consensus versus guidance for the lower end. It also said the company has seen an encouraging start to FY21.

"However, at circa 18x recovered earnings, we'd prefer to look elsewhere or wait for a cheaper entry point," the bank said.

It now forecasts FY21 pre-tax profit of £162m, with an 8.4% organic revenue decline, and has reduced its FY21 forecasts by around 30%.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

RS Group Market Data

Currency UK Pounds
Share Price 708.00p
Change Today -1.50p
% Change -0.21 %
52 Week High 921.40
52 Week Low 660.40
Volume 775,590
Shares Issued 474.01m
Market Cap £3,356.01m

RS Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.46% below the market average53.46% below the market average53.46% below the market average53.46% below the market average53.46% below the market average
31.11% below the sector average31.11% below the sector average31.11% below the sector average31.11% below the sector average31.11% below the sector average
Price Trend
24.27% below the market average24.27% below the market average24.27% below the market average24.27% below the market average24.27% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Income
15.39% above the market average15.39% above the market average15.39% above the market average15.39% above the market average15.39% above the market average
12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average
Growth
60.60% above the market average60.60% above the market average60.60% above the market average60.60% above the market average60.60% above the market average
59.60% above the sector average59.60% above the sector average59.60% above the sector average59.60% above the sector average59.60% above the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 6
Sell 1
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RS Group Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Nov-23 15-Jun-23
Paid 05-Jan-24 21-Jul-23
Amount 8.30p 13.70p

Trades for 25-Apr-2024

Time Volume / Share Price
16:35 387,267 @ 708.00p
16:35 211 @ 708.00p
16:35 1,442 @ 708.00p
16:35 57 @ 708.00p
16:35 1,502 @ 708.00p

RS Group Key Personnel

CEO Simon Pryce

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