RS Group (LON:RS1) Reaches New 1-Year Low - Should You Sell?

RS Group plc (LON:RS1 - Get Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as GBX 478.80 ($6.27) and last traded at GBX 485.80 ($6.36), with a volume of 2976361 shares traded. The stock had previously closed at GBX 510.50 ($6.68).

Wall Street Analysts Forecast Growth

Separately, Shore Capital raised 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 given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 840 ($10.99).

RS Group Stock Performance

The stock has a fifty day simple moving average of GBX 595.34 and a 200-day simple moving average of GBX 671.27. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 47.26. The company has a market capitalization of £2.38 billion, a P/E ratio of 13.01, a PEG ratio of 1.85 and a beta of 0.86.

Insider Activity at RS Group

In other RS Group news, insider Miles Roberts acquired 7,860 shares of RS Group stock in a transaction on Friday, March 28th. The shares were bought at an average price of GBX 578 ($7.57) per share, with a total value of £45,430.80 ($59,464.40). Also, insider Kate Ringrose bought 6,880 shares of the stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average price of GBX 578 ($7.57) per share, with a total value of £39,766.40 ($52,050.26). 0.52% of the stock is currently owned by insiders.

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.