RS Group (RS1)

Sector:

Support

Index:

FTSE 100

1,012.00p
   
  • Change Today:
    -14.00p
  • 52 Week High: 1,159.00
  • 52 Week Low: 812.00
  • Currency: UK Pounds
  • Shares Issued: 472.69m
  • Volume: 1,105,377
  • Market Cap: £4,783.67m
  • Beta: 0.03

JPMorgan downgrades RS Group after H1 results

By Michele Maatouk

Date: Monday 07 Nov 2022

LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove downgraded RS Group on Monday to 'underweight' from 'neutral' and cut the price target 820p from 1,050p following the company's first-half results last week.
JPM said the downgrade is driven by a combination of a deteriorating macroeconomic outlook, with RS Group continuing to invest into its cost base; increased uncertainty following the CEO leave of absence; and its preference for more defensive exposure elsewhere in its Business Services coverage.

"We had already become relatively more cautious on RS1 and downgraded to neutral last month and although RS1 delivered strong results in Americas and APAC in H1 (in-line with the view that H1 has continued to be strong), the year-over-year margin decline in Europe was a negative surprise," the bank said.

"This highlighted one of the risks we flagged, namely that RS1 is likely to see margin pressure in the near term as it has been increasing opex ahead of the cycle turning."

JPM said that overall, it still sees the business as being well run and with a strong strategy medium term, but expects a better entry point in the future.

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RS Group Market Data

Currency UK Pounds
Share Price 1,012.00p
Change Today -14.00p
% Change -1.36 %
52 Week High 1,159.00
52 Week Low 812.00
Volume 1,105,377
Shares Issued 472.69m
Market Cap £4,783.67m
Beta 0.03

RS Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.77% below the market average78.77% below the market average78.77% below the market average78.77% below the market average78.77% below the market average
54.9% below the sector average54.9% below the sector average54.9% below the sector average54.9% below the sector average54.9% below the sector average
Price Trend
23.56% above the market average23.56% above the market average23.56% above the market average23.56% above the market average23.56% above the market average
8.41% above the sector average8.41% above the sector average8.41% above the sector average8.41% above the sector average8.41% above the sector average
Income
22.41% below the market average22.41% below the market average22.41% below the market average22.41% below the market average22.41% below the market average
46.27% below the sector average46.27% below the sector average46.27% below the sector average46.27% below the sector average46.27% below the sector average
Growth
44.98% above the market average44.98% above the market average44.98% above the market average44.98% above the market average44.98% above the market average
49.51% above the sector average49.51% above the sector average49.51% above the sector average49.51% above the sector average49.51% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 2
Sell 3
Strong Sell 0
Total 12
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 24-Nov-22 16-Jun-22
Paid 06-Jan-23 22-Jul-22
Amount 7.20p 11.60p

Trades for 07-Feb-2023

Time Volume / Share Price
17:06 3,900 @ 1,012.00p
16:35 1,678 @ 1,012.00p
16:35 2,542 @ 1,012.00p
16:35 396,203 @ 1,012.00p
16:35 1,536 @ 1,012.00p

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