RS Group (LON:RS1) Hits New 12-Month Low – Time to Sell?

RS Group plc (LON:RS1)’s share price reached a new 52-week low during trading on Monday . The company traded as low as GBX 478.80 ($6.17) and last traded at GBX 485.80 ($6.26), with a volume of 2976361 shares changing hands. The stock had previously closed at GBX 510.50 ($6.58).

Analyst Upgrades and Downgrades

Separately, Shore Capital upgraded RS Group to a “buy” rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, RS Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 840 ($10.83).

RS Group Trading Down 5.3 %

The company has a 50 day simple moving average of GBX 616.87 and a 200 day simple moving average of GBX 683.81. The company has a market capitalization of £2.28 billion, a PE ratio of 12.49, 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 quick ratio of 1.24 and a current ratio of 2.01.

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 ($7.45) per share, for a total transaction of £39,766.40 ($51,258.57). Also, insider Miles Roberts acquired 7,860 shares of the stock in a transaction on Friday, March 28th. The shares were bought at an average cost of GBX 578 ($7.45) per share, for a total transaction of £45,430.80 ($58,559.94). 0.52% of the stock is owned by corporate insiders.

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.