RS Group (LON:RS1) Stock Price Up 1.3% - Here's What Happened

RS Group plc (LON:RS1 - Get Free Report)'s stock price shot up 1.3% on Monday . The stock traded as high as GBX 521 ($6.94) and last traded at GBX 514 ($6.85). 1,019,939 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 2,226,115 shares. The stock had previously closed at GBX 507.57 ($6.76).

Analysts Set New Price Targets

Separately, Shore Capital upgraded shares of RS Group to a "buy" rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, RS Group presently has a consensus rating of "Moderate Buy" and an average target price of GBX 840 ($11.19).

RS Group Stock Performance

The business's 50-day simple moving average is GBX 558.77 and its two-hundred day simple moving average is GBX 645.19. The firm has a market cap of £2.45 billion, a price-to-earnings ratio of 13.44, 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.

Insider Buying and Selling at RS Group

In other RS Group news, insider Kate Ringrose bought 6,880 shares of the stock in a transaction dated Tuesday, March 25th. The shares were acquired at an average cost of GBX 578 ($7.70) per share, for a total transaction of £39,766.40 ($52,986.54). Also, insider Miles Roberts acquired 7,860 shares of the firm's stock in a transaction on Friday, March 28th. The shares were bought at an average cost of GBX 578 ($7.70) per share, with a total value of £45,430.80 ($60,534.04). Company insiders own 0.52% of the company's stock.

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.