RS Group (LON:RS1 – Get Free Report) had its target price raised by equities researchers at JPMorgan Chase & Co. from GBX 780 ($9.99) to GBX 785 ($10.06) in a report issued on Friday, MarketBeat.com reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 0.13% from the stock’s previous close.
RS1 has been the subject of several other reports. Royal Bank of Canada reduced their price objective on RS Group from GBX 925 ($11.85) to GBX 900 ($11.53) and set an “outperform” rating for the company in a research note on Wednesday, May 29th. Shore Capital restated a “hold” rating on shares of RS Group in a report on Wednesday, May 22nd.
RS Group Trading Down 0.8 %
Insiders Place Their Bets
In other news, insider Kate Ringrose sold 9,484 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of GBX 701 ($8.98), for a total transaction of £66,482.84 ($85,157.99). In related news, insider Simon Pryce bought 6,114 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was purchased at an average price of GBX 740 ($9.48) per share, with a total value of £45,243.60 ($57,952.61). Also, insider Kate Ringrose sold 9,484 shares of RS Group stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of GBX 701 ($8.98), for a total transaction of £66,482.84 ($85,157.99). Insiders own 0.66% 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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