RPS Group (LON:RPS) Reaches New 52-Week Low After Analyst Downgrade

RPS Group plc (LON:RPS) shares hit a new 52-week low during mid-day trading on Wednesday after Liberum Capital lowered their price target on the stock from GBX 230 to GBX 170. Liberum Capital currently has a buy rating on the stock. RPS Group traded as low as GBX 93 ($1.22) and last traded at GBX 108.40 ($1.42), with a volume of 6729956 shares changing hands. The stock had previously closed at GBX 167 ($2.18).

Several other equities analysts have also issued reports on RPS. Numis Securities lowered RPS Group to an “add” rating and set a GBX 230 ($3.01) price target on the stock. in a research note on Wednesday, May 1st. Peel Hunt restated a “hold” rating and set a GBX 167 ($2.18) price target on shares of RPS Group in a research note on Wednesday, May 1st.

In related news, insider Catherine Glickman acquired 21,500 shares of the stock in a transaction dated Friday, May 3rd. The shares were bought at an average cost of GBX 185 ($2.42) per share, for a total transaction of £39,775 ($51,973.08).

The company has a market cap of $237.00 million and a P/E ratio of 8.21. The firm’s 50 day moving average is GBX 179. The company has a quick ratio of 1.38, a current ratio of 1.46 and a debt-to-equity ratio of 24.33.

About RPS Group (LON:RPS)

RPS Group plc, a consultancy company, provides advice on the development and management of the built and natural environment; planning and development of strategic infrastructure; and evaluation and development of energy, water, and other resources. The company operates through Built and Natural Environment, Energy, and Australia Asia Pacific segments.

Featured Story: What is Considered a Good Return on Equity (ROE)?

Receive News & Ratings for RPS Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPS Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply