RS Group (LON:RS1) Trading Up 1.3% - What's Next?

RS Group plc (LON:RS1 - Get Free Report)'s stock price was up 1.3% during trading on Monday . The company traded as high as GBX 521 ($6.92) and last traded at GBX 514 ($6.82). Approximately 1,019,939 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 2,226,115 shares. The stock had previously closed at GBX 507.57 ($6.74).

Wall Street Analyst Weigh In

Separately, Shore Capital raised shares of RS Group to a "buy" rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 840 ($11.15).

RS Group Stock Performance

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 company has a market cap of £2.48 billion, a P/E ratio of 13.61, a P/E/G ratio of 1.85 and a beta of 0.86. The firm has a 50 day moving average price of GBX 554.33 and a 200-day moving average price of GBX 641.75.

Insiders Place Their Bets

In other RS Group news, insider Miles Roberts bought 7,860 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average price of GBX 578 ($7.67) per share, for a total transaction of £45,430.80 ($60,301.04). Also, insider Kate Ringrose bought 6,880 shares of the stock in a transaction on Tuesday, March 25th. The stock was acquired at an average cost of GBX 578 ($7.67) per share, for a total transaction of £39,766.40 ($52,782.59). 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.