RS Group (LON:RS1) Reaches New 12-Month Low – Should You Sell?

RS Group plc (LON:RS1)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 566 ($7.32) and last traded at GBX 569.50 ($7.36), with a volume of 82288 shares trading hands. The stock had previously closed at GBX 575 ($7.43).

Analyst Ratings Changes

RS1 has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price target on RS Group from GBX 770 ($9.95) to GBX 780 ($10.08) and gave the stock a “neutral” rating in a report on Thursday, December 5th. Shore Capital raised shares of RS Group to a “buy” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 840 ($10.86).

RS Group Trading Down 0.4 %

The firm has a market capitalization of £2.67 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.85 and a beta of 0.86. The company has a debt-to-equity ratio of 47.26, a quick ratio of 1.24 and a current ratio of 2.01. The company has a 50-day moving average price of GBX 625.13 and a 200-day moving average price of GBX 688.99.

Insider Buying and Selling

In related news, insider Miles Roberts acquired 7,860 shares of RS Group stock in a transaction dated Friday, March 28th. The stock was acquired at an average price of GBX 578 ($7.47) per share, for a total transaction of £45,430.80 ($58,734.07). Also, insider Kate Ringrose purchased 6,880 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were bought at an average price of GBX 578 ($7.47) per share, for a total transaction of £39,766.40 ($51,410.99). 0.52% of the stock is owned by company insiders.

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.