RS Group (LON:RS1) Shares Down 0.9% - Should You Sell?

Key Points

• RS Group plc's stock price fell by 0.9% to GBX 565 ($7.63), with a significant dip in trading volume of 74% from its average session.
• Analysts maintain a positive outlook with a consensus rating of "Moderate Buy" and a target price of GBX 810, despite recent stock price declines.
• Insider transactions showed activity, with an insider selling 6,143 shares at an average price of GBX 580, indicating ongoing engagement from company executives.

RS Group plc (LON:RS1 - Get Free Report) shares were down 0.9% on Friday . The stock traded as low as GBX 565 ($7.59) and last traded at GBX 565 ($7.59). Approximately 404,125 shares traded hands during 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).

Wall Street Analysts Forecast Growth

RS1 has been the topic of several recent analyst reports. Berenberg Bank dropped their target price on shares of RS Group from GBX 700 to GBX 670 and set a "hold" rating on the stock in a report on Tuesday. Shore Capital restated a "buy" rating on shares of RS Group in a research report on Thursday, July 17th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, RS Group currently has an average rating of "Moderate Buy" and an average price target of GBX 725.

RS Group Trading Up 0.1%

The company has a debt-to-equity ratio of 47.26, a quick ratio of 1.24 and a current ratio of 2.01. The business has a 50 day moving average of GBX 571.58 and a two-hundred day moving average of GBX 567.04. The firm has a market capitalization of £2.64 billion, a price-to-earnings ratio of 1,733.85, a P/E/G ratio of 1.85 and a beta of 0.86.

Insider Activity

In related news, insider Kate Ringrose sold 6,143 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of GBX 580, for a total value of £35,629.40. In the last quarter, insiders acquired 10,204 shares of company stock valued at $5,767,518. 0.68% of the stock is owned by company 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.