RS Group (LON:RS1) Shares Down 1.1% - Time to Sell?

Key Points

• RS Group shares fell 1.1% to GBX 727.50 in mid-day trading, with volume 73% below the average daily level.
• Analyst sentiment remains positive, with seven Buy ratings and two Holds; the consensus is “Moderate Buy”, though the GBX 696.25 average target is below the current share price.
• The company has a £3.34 billion market capitalization and trades at a P/E ratio of 21.09. A reported stock buyback authorization covers zero shares, providing no meaningful repurchase support.

Shares of RS Group plc (LON:RS1 - Get Free Report) fell 1.1% during mid-day trading on Monday . The company traded as low as GBX 718 and last traded at GBX 727.50. Approximately 2,515,201 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 9,243,437 shares. The stock had previously closed at GBX 735.50.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RS1. Jefferies Financial Group reiterated a "buy" rating and set a GBX 700 price target on shares of RS Group in a research note on Thursday, May 21st. Royal Bank Of Canada raised their price objective on RS Group from GBX 770 to GBX 780 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. UBS Group reaffirmed a "neutral" rating and set a GBX 620 target price on shares of RS Group in a report on Monday, May 18th. JPMorgan Chase & Co. upped their target price on RS Group from GBX 635 to GBX 720 and gave the company an "overweight" rating in a research report on Friday, July 17th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a GBX 675 price target on shares of RS Group in a report on Wednesday, May 20th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, RS Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 696.25.

RS Group Price Performance

The firm has a 50-day simple moving average of GBX 708.03 and a two-hundred day simple moving average of GBX 650.66. The company has a market capitalization of £3.34 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 1.85 and a beta of 0.87. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 35.05.

RS Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 20th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

About RS Group

RS Group plc is a high-service global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably. We operate in 33 markets, stock over 875,000 industrial and specialist products and list an additional five million relevant for our industrial customers, sourced from over 2,500 suppliers. This extensive range supports our customers across the industrial lifecycle of designing, building, and maintaining equipment and operations. We enhance their experience through a tailored service model, leveraging our efficient physical, digital and process infrastructure sustainably.

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