RS Group (LON:RS1) Shares Down 0.9% - Time to Sell?

Key Points

• RS Group plc's stock price fell by 0.9%, closing at GBX 565 ($7.63) with a significant drop in trading volume.
• Shore Capital has reaffirmed a "buy" rating for RS Group, contributing to a consensus price target of GBX 810.
• Insider transactions revealed that insider Kate Ringrose sold 6,143 shares, while insiders acquired a total of 10,204 shares valued at approximately $5.77 million in the last quarter.

RS Group plc (LON:RS1 - Get Free Report) shares were down 0.9% during trading on Friday . The stock traded as low as GBX 565 ($7.59) and last traded at GBX 565 ($7.59). Approximately 404,125 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 1,534,597 shares. The stock had previously closed at GBX 570 ($7.66).

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Shore Capital reissued a "buy" rating on shares of RS Group in a report on Thursday, July 17th. Berenberg Bank decreased their price objective on RS Group from GBX 700 to GBX 670 and set a "hold" rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, RS Group currently has an average rating of "Moderate Buy" and an average target price of GBX 725.

RS Group Price Performance

The business has a 50 day simple moving average of GBX 571.58 and a two-hundred day simple moving average of GBX 567.04. The firm has a market capitalization of £2.64 billion, a P/E ratio of 1,733.85, 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 Buying and Selling at RS Group

In other RS Group news, insider Kate Ringrose sold 6,143 shares of RS Group stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of GBX 580, for a total transaction of £35,629.40. Insiders have purchased 10,204 shares of company stock valued at $5,767,518 in the last quarter. 0.68% of the stock is currently 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.