RS Group plc (LON:RS1 - Get Free Report)'s stock price dropped 0.4% during mid-day trading on Wednesday . The company traded as low as GBX 558.05 ($7.51) and last traded at GBX 568 ($7.64). Approximately 1,012,231 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 1,623,485 shares. The stock had previously closed at GBX 570 ($7.67).
Wall Street Analyst Weigh In
A number of research firms have weighed in on RS1. Berenberg Bank cut their target price on shares of RS Group from GBX 700 to GBX 670 and set a "hold" rating for the company in a research report on Tuesday, September 2nd. Shore Capital restated a "buy" rating on shares of RS Group in a research note on Thursday, July 17th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 725.
Check Out Our Latest Analysis on RS Group
RS Group Stock Performance
The firm has a fifty day simple moving average of GBX 567.05 and a 200 day simple moving average of GBX 561.61. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 47.26. The stock has a market cap of £2.66 billion, a price-to-earnings ratio of 1,747.69, a PEG ratio of 1.85 and a beta of 0.86.
Insider Buying and Selling
In related news, insider Kate Ringrose sold 6,143 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of GBX 580, for a total value of £35,629.40. 0.68% of the stock is currently owned by company insiders.
About RS Group
(
Get Free Report)
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.
See Also
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