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RS1 Rs Group Plc

-2.80 (-0.37%)
Last Updated: 10:46:28
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rs Group Plc LSE:RS1 London Ordinary Share GB0003096442 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.80 -0.37% 753.60 38,891 10:46:28
Bid Price Offer Price High Price Low Price Open Price
753.00 753.80 758.60 741.00 741.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 2.98B 284.8M 0.6025 12.52 3.57B
Last Trade Time Trade Type Trade Size Trade Price Currency
10:46:27 AT 1 753.60 GBX

Rs (RS1) Latest News

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Date Time Title Posts
10/11/202311:05RS Group (formerly Electrocomponents)168

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Posted at 04/12/2023 08:20 by Rs Daily Update
Rs Group Plc is listed in the Electronic Components, Nec sector of the London Stock Exchange with ticker RS1. The last closing price for Rs was 756.40p.
Rs currently has 472,694,563 shares in issue. The market capitalisation of Rs is £3,566,953,172.
Rs has a price to earnings ratio (PE ratio) of 12.52.
This morning RS1 shares opened at 741p
Posted at 10/11/2023 11:05 by philanderer
Berenberg cuts RS Group price target to 840 (940) pence - 'hold'
Posted at 10/11/2023 00:18 by philanderer
RS Group fundamentals are ‘sound’, says Liberum

Investors may need to be patient with RS Group (RS1), formerly Electrocomponents, but ‘sound fundamentals’ mean a rerating is in reach, says Liberum.

Analyst Sanjay Vidyarthi retained his ‘buy’ recommendation but reduced the target price from £14.60 to 890p on the Citywire Elite Companies + rated electronic component distributor, which was trading at 687p on Wednesday.

The group had a ‘difficultR17; first half, with profits down 25%, which was ‘broadly as expected’, and Vidyarthi said the ‘exit rate coming out of the second quarter has not improved’.

‘The new management team has not seen a need for wholesale change to the strategy and reiterated its view on the consolidation and margin opportunity,’ he said.

‘Initiatives are under way to improve operational focus and efficiency, with benefits starting to come through in full-year 2024.’

Vidyarthi cut his 2024 profit-before-tax forecast by 23% to ‘reflect tougher market conditions, restructuring costs and higher interest’.

‘Patience may be required for a rerating but the fundamentals are sound,’ he said.
Posted at 09/11/2023 14:18 by philanderer
Barclays cuts RS Group price target to 875 (1,000) pence - 'overweight'
Posted at 08/11/2023 00:40 by philanderer
FTSE 100 Stock Loses, Then Regains £600 Million on Wild Day

(Bloomberg) -- By any standards, it’s been a choppy earnings day for electronic-components maker RS Group Plc.

The FTSE 100 member lost, and then regained, more than £600 million ($737 million) of market value in Tuesday trading, as initial dismay over its results was replaced by optimism over cost savings.

RS Group Shares Recoup Plunge on Wild Earnings Day: Street Wrap

According to Morgan Stanley analyst Annelies Vermeulen, the cost program was one area of focus on the post-results conference call. With much of the savings coming from permanent reduction in headcount “there is opportunity for more accelerated margin improvement when growth returns to the business,” Vermeulen wrote in a note.

Bloomberg has reached out to RS Group for comment on the share price movement, which saw the stock fall as much as 19% at the open before closing 2% higher.

Tuesday’s wild swings are in keeping with what’s been a rollercoaster year for the company formerly known as Electrocomponents. In August, RS narrowly avoided relegation from the blue-chip FTSE 100 index, although it has declined since. Even after Tuesday’s rally, it’s still down 22% year-to-date, reducing the firm’s market capitalization to about £3.3 billion.

“Management has done a good job on gross margins and variable costs and with the new cost savings plan, it is doing the right things,” RBC Capital Markets analyst Andy Brooke wrote in a note.
Posted at 27/10/2023 15:40 by philanderer
Jefferies cuts RS Group price target to 950 (975) pence - 'buy'
Posted at 19/10/2023 15:25 by apollocreed1
RS1 very cheap today. Looked a good entry point to top up.
Posted at 10/10/2023 18:47 by philanderer
RS announces annual subscriptions for DesignSpark

Providing more choice for businesses, DesignSpark Creator and Engineer now available for yearly payment options

LONDON, UK, 9 October 2023 – RS, a trading brand of RS Group plc (LSE: RS1), a global provider of product and service solutions for industrial customers, today announced it has introduced annual subscription options for DesignSpark, its fast-growing online community for engineers. This will deliver more choice for businesses to decide how they want to pay to gain access to DesignSpark’s advanced suite of design tools and resources.

DesignSpark offers a suite of design tools including DesignSpark Mechanical and DesignSpark PCB, plus comprehensive 2D/3D and electronics part libraries, and a host of design resources such as technology articles, projects and community forums
Posted at 18/8/2023 23:42 by philanderer
RS rattled by UBS downgrade, bigger profit 'unwind' forecast

RS Group PLC (LSE:RS1) shares fell sharply on Friday after investment bank UBS slashed forecasts, cuts its price target and downgraded the stock to 'neutral' from 'buy'.

“With recent data suggesting weakening markets and reversing share gains, we now expect a bigger profit 'unwind' for RS Group,” the Swiss bank said.

The broker foresees a period of sustained negative organic growth and margin pressure ahead and has cut estimates “significantly”, placing it around 14-19% below consensus.

While much of the risk is now reflected in the share price, which is 35% lower than mid-2022 highs, UBS sees limited re-rating potential for now given the negative earnings outlook.

The bank set a new price target of 800p, down from 1,250p, still well above the current share price, which fell 3.8% to 694.60p in London on Friday.

Earnings per share forecasts have been slashed by 13-22% for the next three financial years, driven by lowered organic growth and gross margin forecasts.
Posted at 18/8/2023 09:02 by apollocreed1
What happened today to the share price? A nearly 5% drop is hard to understand on no news.
Posted at 29/6/2023 09:09 by philanderer
Peel Hunt: RS Group is ‘interesting’ despite headwinds

Electronics supplier RS Group (RS1) is facing gathering headwinds, but Peel Hunt says the shares still ‘look interesting’.

Analyst Henry Carver retained his ‘buy’ recommendation but reduced the target price from £11 to £10 on the Citywire Elite Companies plus-rated group, formerly known as Electrocomponents. The shares fell 0.6%, or 4.6p, to 755.8p on Wednesday.

Full-year results were in line, with revenues up 17% and profit up 25%, but Carver said ‘some trading headwinds gathered strength during the second half, and they look likely to persist into full-year 2024 against tough comps.’

‘We are downgrading our forecasts to reflect slower trading, fewer trading days, and a forex headwind, plus higher interest and tax charges,’ he said.

‘While the downgrade is fairly material – 8% to full-year 2024 earnings per share – the fundamental remain unchanged, in our view, with market share gains ongoing.’

The shares trade on a price-to-earnings of less than 13 times and Carver said ‘we believe the shares look very interesting’.
Rs share price data is direct from the London Stock Exchange

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