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

RS Group plc (LON:RS1) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 575 ($7.40) and last traded at GBX 581.50 ($7.49), with a volume of 107994 shares changing hands. The stock had previously closed at GBX 581.50 ($7.49).

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on RS1 shares. JPMorgan Chase & Co. lifted their target price on shares of RS Group from GBX 770 ($9.91) to GBX 780 ($10.04) and gave the company a “neutral” rating in a research report on Thursday, December 5th. Shore Capital raised shares of RS Group to a “buy” rating in a research note on Tuesday, January 28th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 840 ($10.81) price objective on shares of RS Group in a research note on Friday, November 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 840 ($10.81).

RS Group Price Performance

The stock’s 50-day moving average price is GBX 633.38 and its 200 day moving average price is GBX 694.66. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 47.26. The firm has a market capitalization of £2.78 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.85 and a beta of 0.86.

Insider Activity at RS Group

In related news, insider Kate Ringrose acquired 6,880 shares of RS Group stock in a transaction that occurred on Tuesday, March 25th. The shares were purchased at an average price of GBX 578 ($7.44) per share, for a total transaction of £39,766.40 ($51,199.18). 0.52% of the stock is owned by corporate insiders.

RS Group Company Profile

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.