RS Group PLC 31.8% potential upside indicated by Shore Capital

RS Group PLC with ticker (LON:RS1) now has a potential upside of 31.8% according to Shore Capital.



Shore Capital set a target price of 1,050 GBX for the company, which when compared to the RS Group PLC share price of 797 GBX at opening today (31/05/2023) indicates a potential upside of 31.8%. Trading has ranged between 778 (52 week low) and 1,169 (52 week high) with an average of 1,089,464 shares exchanging hands daily. The market capitalisation at the time of writing is £3,797,530,000.

RS Group plc is engaged in offering industrial and electronic products and solutions. The Company provides omni-channel product and service solutions for designers, builders and maintainers of industrial equipment and operations. The Company’s segments include EMEA, Americas and Asia Pacific. It offers a range of products, including industrial interconnect and test; industrial automation and control; tools, consumables, and facilities maintenance; board-level electronics, and single-board computing. It operates under six brands, such as RS, RS PRO, OKdo, RS DesignSpark, RS Integrated Supply, and RS Safety Solutions. RS PRO is its own-brand product range of more than 63,000 products and electronic components. OKdo is a global technology business focusing on single-board computing (SBC) and the Internet of Things (IoT). RS Integrated Supply provides outsourced stores management and procurement services. RS Integrated Supply provides outsourced stores management and procurement services.