UK's RS Group rises as JP Morgan raises rating to 'overweight'

RS

11/12/2025 09:19

** Shares of industrial and electronic components provider RS Group RS1R.L up 4.5% at 633p

** Stock top gainer on the FTSE mid-cap index .FTMC, which is trading almost flat

** JP Morgan upgrades stock to "overweight" from "neutral", raises target price to 747p from 630p

** Twelve of the 17 analysts covering the stock rate it "buy" or higher, four "hold", and one "sell" or lower; median PT is 751p - LSEG data

** YTD, RS1R has fallen ~7% and the FTSE mid-cap index up ~5.9%

 (Reporting by Tuhina in Bengaluru)

 ((Tuhina@thomsonreuters.com))