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RS1 Rs Group Plc

782.50
12.50 (1.62%)
04 Oct 2024 - Closed
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
  12.50 1.62% 782.50 1,153,420 16:35:09
Bid Price Offer Price High Price Low Price Open Price
778.50 780.00 786.00 768.00 774.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 2.94B 183.7M 0.3875 20.10 3.65B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:09 UT 509,953 782.50 GBX

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Date Time Title Posts
30/9/202410:57RS Group (formerly Electrocomponents)234

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Posted at 05/10/2024 09:20 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 770p.
Rs currently has 474,041,318 shares in issue. The market capitalisation of Rs is £3,692,781,867.
Rs has a price to earnings ratio (PE ratio) of 20.10.
This morning RS1 shares opened at 774p
Posted at 30/9/2024 10:57 by philanderer
Deutsche: RS Group charging up


RS Group (RS1) looks to be in better shape than some of its industrial peers but short-term demand remains subdued, says Deutsche Numis.

Analyst David Brockton retained his ‘buy’ recommendation and target price of 950p on the Citywire Elite Companies + rated electrical component distributor, formerly known as Electrocomponents, which climbed 1.3%% to 841p on Friday.

Brockton said the absence of a formal trading update at its capital markets day was ‘a positive after recent warnings from some industrials’ and management indicated it was trading as expected.

‘Unlike others, we believe RS has benefited from more cautious guidance, for flat like-for-likes against weak comps in full-year 2025,’ he said.

‘Nevertheless, we expect the short-term demand backdrop to remain subdued, with risk elevated given trading is typically lagged to purchasing managers indexes that have softened.’

There are opportunities to increase market share and drive business but the ‘biggest positive’ was confirmation of further cost efficiencies that aid ‘credibility in the ambition to improve operating margins from 10.6% to 15%’.

‘Assuming the medium-term relates to five years, this sets the scene for cycle and self-help potential,’ said Brockton.


citywire.com
Posted at 30/9/2024 10:50 by keyno
Jefferies raises RS Group price target to 1,000 (900) pence - 'buy'
Posted at 10/9/2024 19:54 by philanderer
FORT WORTH, Texas , Sept. 9, 2024 /PRNewswire/


-- RS, a trading brand of RS Group plc (LSE: RS1), a digitally enabled global distributor of product and service solutions for industrial customers, is now an authorized distributor for Sifam Tinsley Instrumentation, a trusted supplier of high-quality electrical measuring instruments.
Posted at 10/9/2024 10:11 by philanderer
Threadneedle: RS Group poised for rebound


RS Group (RS1) is set for the cyclical rebound in manufacturing as well as growth in demand for electronics, says Jeremy Smith of Columbia Threadneedle.

Smith holds the Citywire Elite Companies + rated electrical product distributor, previously known as Electrocomponents, in his £132m CT UK Equity Alpha Income fund, where it is the fourth-largest position making up 4.7% of the portfolio.

The group reported an in-line quarterly update despite a challenging economic backdrop and management said it ‘expects trading conditions to stabilise over the rest of the year’.

‘We believe the company is well positioned to gain from a cyclical rebound in manufacturing activity,’ said Smith.

‘We also feel that RS Group is set to benefit from a recovery in demand for electronics over the rest of 2024. In addition, heading into 2024/25, we are optimistic that the company can implement measures to cut costs and increase operational efficiencies and thereby offset risks in the macroeconomic environment.’

On top of this, the company ‘boasts strong cash conversion and consistent market-share gains’, said Smith.

‘The industry is fragmented, and RS Group enjoys a sustainable advantage through scale as the biggest player within the space,’ he said.

The shares rose 1.9% to 774.5p yesterday.


CITYWIRE
Posted at 05/9/2024 18:36 by philanderer
Market report

In London’s FTSE 250, RS Group rose 1.5% as Citi upgraded to ’buy’ from ‘neutral’ and increased its share price target to 900 pence from 800p.

Citi said RS’s new management team have articulated an ‘attractive, comprehensive strategy, including ambitious margin targets’ likely to be detailed at its Capital Markets Day on September 24.
Posted at 05/9/2024 11:03 by philanderer
Citigroup raises RS Group to 'buy' - price target 900 pence
Posted at 06/8/2024 15:04 by philanderer
FORT WORTH, Texas - RS, a trading brand of RS Group plc (LSE: RS1), a digitally enabled global distributor of product and service solutions for industrial customers, added two new suppliers to its expansive line card: Lincoln Industrial, an SKF brand, and MTE Corporation.
Posted at 17/6/2024 10:38 by philanderer
Threadneedle’s Smith tops up RS Group


Columbia Threadneedle manager Jeremy Smith has topped up his position in RS Group (RS1) as demand for electronics continues its upward trend.

The Citywire Elite Companies + rated electronic component distributor, which was formerly known as Electrocomponents, is the fifth-largest holding in Smith’s CT UK Equity Income fund, where it makes up 4% of the £3bn portfolio.

He increased his exposure as he believes ‘the company is well positioned to benefit from a cyclical rebound in industrials; recent indications point to a recovery in manufacturing in the US and China.’

Smith said that RS Group is also ‘set to benefit from a recovery in demand for electronics over 2024’.

‘In addition, we are encouraged by the management’s cost-cutting programme and plans to increase operational efficiency,’ he said.

‘RS Group enjoys strong cash conversion and consistent market-share gains. The industry is fragmented, and the firm has plans for several value-adding acquisitions.’

The shares fell 0.8% to 700p on Friday, extending losses to 12% over the last 12 months.


citywire.com
Posted at 30/5/2024 13:16 by philanderer
Liberum cuts RS Group rating


Liberum has downgraded RS Group (RS1), formerly Electrocomponents, as its recovery has been pushed further out.

Analyst Sanjay Vidyarthi slashed his recommendation from ‘buy’ to ‘hold’ and cut the target price from 860p to 800p after the full-year 2024 results. Shares in the Citywire Elite Companies + rated electrical parts distributor retreated 9% to 728p on Wednesday and have shed more than 10% over the last 12 months.

‘We have not lost faith in the longer-term market opportunity and acknowledge that capitulation of what may be the “kitchen sink” moment may be dangerous,’ said Vidyarthi.

‘We knew that patience would be required and that RS would be less geared into a market recovery than peers. However, we had not expected margin dilution guidance for full-year 2025.’

He added that progress in the Americas ‘will be key’ but this looks to be a ‘multi-year fix’.

‘The recovery has been pushed out and a 17.3 times current year price/earnings is not cheap enough to compensate,’ Vidyarthi said.


citywire.com
Posted at 19/8/2023 00:42 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.


proactiveinvestors.co.uk
Rs share price data is direct from the London Stock Exchange

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