RS Group (LON:RS1) Shares Down 5.3% - What's Next?

RS Group plc (LON:RS1 - Get Free Report)'s share price was down 5.3% on Wednesday . The company traded as low as GBX 569.47 ($7.70) and last traded at GBX 570 ($7.70). Approximately 804,377 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 2,069,431 shares. The stock had previously closed at GBX 602 ($8.14).

Wall Street Analysts Forecast Growth

Separately, Shore Capital raised shares of RS Group to a "buy" rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 840 ($11.35).

RS Group Price Performance

The company has a 50 day moving average price of GBX 538.90 and a 200-day moving average price of GBX 622.69. The company has a market cap of £2.68 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 1.85 and a beta of 0.86. 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 announced its quarterly earnings results 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%.

Insiders Place Their Bets

In other news, insider Miles Roberts acquired 7,860 shares of RS Group stock in a transaction dated Friday, March 28th. The shares were bought at an average cost of GBX 578 ($7.81) per share, with a total value of £45,430.80 ($61,392.97). Also, insider Kate Ringrose acquired 6,880 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average price of GBX 578 ($7.81) per share, with a total value of £39,766.40 ($53,738.38). Company insiders own 0.52% of the company's stock.

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.