Insider Buying: RS Group plc (LON:RS1) Insider Acquires £39,766.40 in Stock

RS Group plc (LON:RS1) insider Kate Ringrose bought 6,880 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were acquired at an average price of GBX 578 ($7.48) per share, for a total transaction of £39,766.40 ($51,470.88).

RS Group Stock Performance

Shares of LON:RS1 opened at GBX 575 ($7.44) on Friday. RS Group plc has a 1 year low of GBX 572 ($7.40) and a 1 year high of GBX 850 ($11.00). The stock has a market capitalization of £2.71 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. 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 company’s 50 day simple moving average is GBX 629.70 and its 200 day simple moving average is GBX 693.06.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RS1 shares. JPMorgan Chase & Co. boosted their price target on RS Group from GBX 770 ($9.97) to GBX 780 ($10.10) and gave the company a “neutral” rating in a research note on Thursday, December 5th. Shore Capital upgraded RS Group to a “buy” rating in a research report on Tuesday, January 28th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 840 ($10.87) target price on shares of RS Group in a report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 840 ($10.87).

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.