RS Group (LON:RS1) Shares Up 0.7% - Still a Buy?

RS Group plc (LON:RS1 - Get Free Report) shares rose 0.7% during trading on Friday . The stock traded as high as GBX 743.50 ($9.71) and last traded at GBX 737 ($9.62). Approximately 1,248,313 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 1,450,330 shares. The stock had previously closed at GBX 732 ($9.56).

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RS1. JPMorgan Chase & Co. boosted their price target on RS Group from GBX 780 ($10.19) to GBX 785 ($10.25) and gave the stock a "neutral" rating in a research report on Friday, July 12th. Citigroup upgraded shares of RS Group to a "buy" rating in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, RS Group presently has a consensus rating of "Hold" and an average price target of GBX 841.67 ($10.99).

RS Group Trading Up 0.7 %

The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 47.24. The firm has a 50-day moving average price of GBX 778.57 and a 200-day moving average price of GBX 757.29. The company has a market capitalization of £3.49 billion, a price-to-earnings ratio of 1,889.74, a PEG ratio of 1.85 and a beta of 0.86.

Insider Buying and Selling

In other RS Group news, insider David J. R. Sleath acquired 3,255 shares of the stock in a transaction dated Monday, August 5th. The shares were bought at an average price of GBX 733 ($9.57) per share, with a total value of £23,859.15 ($31,155.85). 0.52% of the stock is owned by corporate insiders.

About RS Group

RS Group plc, together with its subsidiaries, distributes various electronics and industrial products and solutions in the United Kingdom, the United States, France, Germany, Italy, Mexico, and internationally. The company provides industrial interconnect and test, industrial automation and control, board-level electronics, and single-board computing products; and tools, consumables, and facilities maintenance products, such as personal protective equipment, site safety products, and 3D printing products.