RS Group (LON:RS1) Hits New 52-Week Low – What’s Next?

RS Group plc (LON:RS1)’s share price reached a new 52-week low 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 trading hands. The stock had previously closed at GBX 581.50 ($7.49).

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Berenberg Bank restated a “hold” rating and issued a GBX 840 ($10.81) price objective on shares of RS Group in a research note on Friday, November 29th. JPMorgan Chase & Co. increased their price objective on shares of RS Group from GBX 770 ($9.91) to GBX 780 ($10.04) and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, Shore Capital upgraded shares of RS Group to a “buy” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to 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 company has a market capitalization of £2.78 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 1.85 and a beta of 0.86. The stock has a fifty day simple moving average of GBX 633.38 and a 200-day simple moving average of GBX 694.66. The company has a debt-to-equity ratio of 47.26, a current ratio of 2.01 and a quick ratio of 1.24.

Insider Activity at RS Group

In other RS Group news, insider Kate Ringrose purchased 6,880 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average price of GBX 578 ($7.44) per share, for a total transaction of £39,766.40 ($51,199.18). Company insiders own 0.52% of the company’s stock.

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.