RS Group (RS1)

Sector:

Support

Index:

FTSE 100

726.80p
   
  • Change Today:
    -2.40p
  • 52 Week High: 921.40
  • 52 Week Low: 660.40
  • Currency: UK Pounds
  • Shares Issued: 474.00m
  • Volume: 966,982
  • Market Cap: £3,445.01m

Berenberg lowers target price on RS Group

By Iain Gilbert

Date: Wednesday 13 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg lowered their target price on industrial and electronics products distributor RS Group from 1,230.0p to 1,010.0p on Wednesday but acknowledged that the group was "on a roll".
Berenberg said the group formerly known as Electrocomponents' recent first-quarter trading update came with the firm's sixth consecutive upgrade to earnings.

The German bank said the reasons for RS' upgrades were "stronger and more resilient" end-market growth than previously expected, consistent market share gains, a markedly improved Asia-Pacific business, disciplined pricing, supply chain and cost management, and selective mergers and acquisitions.

"While industrial data points to slowing growth in industrial activity, to which RS Group is not immune, the group has shown the ability to significantly outperform, and we expect that to continue. For FY 2024, shares trade on 15x P/E and 10x EV/EBITDA," said the analysts.

Berenberg, which stood by its 'hold' rating on the stock, said the downgrade to its price target and valuation on RS came as a result of efforts to reflect changes in peer-based multiples.



Reporting by Iain Gilbert at Sharecast.com

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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 726.80p
Change Today -2.40p
% Change -0.33 %
52 Week High 921.40
52 Week Low 660.40
Volume 966,982
Shares Issued 474.00m
Market Cap £3,445.01m

RS Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.62% below the market average58.62% below the market average58.62% below the market average58.62% below the market average58.62% below the market average
35.56% below the sector average35.56% below the sector average35.56% below the sector average35.56% below the sector average35.56% below the sector average
Price Trend
22.74% below the market average22.74% below the market average22.74% below the market average22.74% below the market average22.74% below the market average
20.79% below the sector average20.79% below the sector average20.79% below the sector average20.79% below the sector average20.79% below the sector average
Income
12.63% above the market average12.63% above the market average12.63% above the market average12.63% above the market average12.63% above the market average
4.62% above the sector average4.62% above the sector average4.62% above the sector average4.62% above the sector average4.62% above the sector average
Growth
54.75% above the market average54.75% above the market average54.75% above the market average54.75% above the market average54.75% above the market average
56.00% above the sector average56.00% above the sector average56.00% above the sector average56.00% above the sector average56.00% 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 28-Mar-2024

Time Volume / Share Price
16:36 2,029 @ 726.80p
16:36 971 @ 726.80p
16:35 733,042 @ 726.80p
16:35 1,159 @ 726.80p
16:35 331 @ 726.80p

RS Group Key Personnel

CEO Simon Pryce

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