RS Group (LON:RS1) Hits New 52-Week Low - Should You Sell?

RS Group plc (LON:RS1 - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 575 ($7.44) and last traded at GBX 581.50 ($7.53), with a volume of 107994 shares trading hands. The stock had previously closed at GBX 581.50 ($7.53).

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RS1 shares. Berenberg Bank reissued a "hold" rating and set a GBX 840 ($10.87) price objective on shares of RS Group in a report on Friday, November 29th. JPMorgan Chase & Co. boosted their price target on RS Group from GBX 770 ($9.97) to GBX 780 ($10.10) and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Finally, Shore Capital raised RS Group to a "buy" rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 840 ($10.87).

RS Group Stock Down 1.4 %

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 firm's 50-day moving average price is GBX 629.70 and its 200 day moving average price is GBX 693.06. The firm 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.

Insider Activity at RS Group

In other news, insider Miles Roberts bought 7,860 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average price of GBX 578 ($7.48) per share, with a total value of £45,430.80 ($58,802.49). Also, insider Kate Ringrose purchased 6,880 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were purchased at an average cost of GBX 578 ($7.48) per share, for a total transaction of £39,766.40 ($51,470.88). 0.52% of the stock is owned by corporate 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.