RS Group (LON:RS1) Trading Up 2.9% - Time to Buy?

Key Points

• RS Group plc's share price increased by 2.9% during mid-day trading, reaching a last traded price of GBX 565.50 ($7.60), despite a significant drop in trading volume.
• Analysts at Shore Capital have reaffirmed a "buy" rating for RS Group, indicating positive sentiment towards the stock.
• Recent insider trading includes a purchase of 4,883 shares by David J. R. Sleath, highlighting confidence in the company's future performance.

RS Group plc (LON:RS1 - Get Free Report)'s share price was up 2.9% on Thursday . The company traded as high as GBX 570 ($7.66) and last traded at GBX 565.50 ($7.60). Approximately 302,139 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 1,632,452 shares. The stock had previously closed at GBX 549.50 ($7.38).

Analysts Set New Price Targets

Separately, Shore Capital restated a "buy" rating on shares of RS Group in a research report on Thursday, July 17th.

RS Group Price Performance

The stock has a market cap of £2.64 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. The stock's 50 day moving average price is GBX 572.20 and its two-hundred day moving average price is GBX 576.42. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 47.26.

RS Group (LON:RS1 - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported GBX 39.10 ($0.53) earnings per share (EPS) for the quarter. RS Group had a net margin of 6.24% and a return on equity of 12.99%.

Insider Buying and Selling at RS Group

In other news, insider David J. R. Sleath purchased 4,883 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were bought at an average cost of GBX 570 ($7.66) per share, with a total value of £27,833.10 ($37,384.96). Also, insider Kate Ringrose sold 6,143 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of GBX 580 ($7.79), for a total transaction of £35,629.40 ($47,856.82). Insiders acquired a total of 15,087 shares of company stock worth $8,550,828 over the last three months. 0.52% 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.