Insider Buying: RS Group plc (LON:RS1) Insider Purchases £45,430.80 in Stock

RS Group plc (LON:RS1) insider Miles Roberts purchased 7,860 shares of the stock in a transaction on Friday, March 28th. The shares were acquired at an average price of GBX 578 ($7.47) per share, for a total transaction of £45,430.80 ($58,741.66).

RS Group Stock Performance

LON:RS1 opened at GBX 575 ($7.43) on Monday. The company’s 50-day moving average is GBX 629.70 and its two-hundred day moving average is GBX 691.89. RS Group plc has a 1-year low of GBX 572 ($7.40) and a 1-year high of GBX 850 ($10.99). The company has a debt-to-equity ratio of 47.26, a current ratio of 2.01 and a quick ratio of 1.24. The firm has a market capitalization of £2.71 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.85 and a beta of 0.86.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Shore Capital raised shares of RS Group to a “buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. raised their price target on shares of RS Group from GBX 770 ($9.96) to GBX 780 ($10.09) and gave the company a “neutral” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, RS Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 840 ($10.86).

About RS Group

RS Group plc is a global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably.

We operate in 36 markets, stock over 800,000 technical and specialist products and list an additional five million relevant for our industrial customers, sourced from over 2,500 suppliers.