RS Group (LON:RS1) Reaches New 52-Week Low – Time to Sell?

RS Group plc (LON:RS1)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 577.50 ($7.47) and last traded at GBX 592.50 ($7.66), with a volume of 760932 shares. The stock had previously closed at GBX 600.50 ($7.77).

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RS1 shares. Berenberg Bank reiterated a “hold” rating and set a GBX 840 ($10.87) target price on shares of RS Group in a report on Friday, November 29th. JPMorgan Chase & Co. raised their price objective on shares of RS Group from GBX 770 ($9.96) to GBX 780 ($10.09) and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, Shore Capital upgraded shares of RS Group to a “buy” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 840 ($10.87).

RS Group Price Performance

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 stock’s 50-day moving average is GBX 644.80 and its 200 day moving average is GBX 705.52. The stock has a market capitalization of £2.85 billion, a PE ratio of 15.60, a P/E/G ratio of 1.85 and a beta of 0.86.

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.