RS Group (LON:RS1) Reaches New 12-Month Low – What’s Next?

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their target price on RS Group from GBX 770 ($9.96) to GBX 780 ($10.09) 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 report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 840 ($10.86).

RS Group Price Performance

The firm has a 50 day moving average price of GBX 629.70 and a two-hundred day moving average price of GBX 691.89. The company has a market cap of £2.68 billion, a P/E ratio of 14.70, a P/E/G 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.

Insider Activity

In related news, insider Miles Roberts bought 7,860 shares of RS Group stock in a transaction on Friday, March 28th. The stock was acquired at an average price of GBX 578 ($7.47) per share, with a total value of £45,430.80 ($58,741.66). Also, insider Kate Ringrose purchased 6,880 shares of the stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average cost of GBX 578 ($7.47) per share, for a total transaction of £39,766.40 ($51,417.64). Insiders own 0.52% of the company’s stock.

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.