Shore Capital Reaffirms Buy Rating for RS Group (LON:RS1)

Shore Capital restated their buy rating on shares of RS Group (LON:RS1 - Free Report) in a research report released on Thursday, MarketBeat reports.

RS Group Stock Down 0.3%

Shares of LON:RS1 traded down GBX 1.50 ($0.02) during trading on Thursday, hitting GBX 578 ($7.75). 2,391,404 shares of the company's stock traded hands, compared to its average volume of 1,725,473. RS Group has a 52 week low of GBX 476.80 ($6.40) and a 52 week high of GBX 850 ($11.40). 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 company has a market cap of £2.73 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. The company has a 50-day moving average price of GBX 576.02 and a 200-day moving average price of GBX 588.10.

RS Group (LON:RS1 - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported GBX 39.10 ($0.52) earnings per share for the quarter. RS Group had a return on equity of 12.99% and a net margin of 6.24%.

Insider Buying and Selling at RS Group

In other RS Group 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 ($7.78), for a total transaction of £35,629.40 ($47,792.62). Also, insider David J. R. Sleath purchased 4,883 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were acquired at an average cost of GBX 570 ($7.65) per share, with a total value of £27,833.10 ($37,334.81). Insiders have acquired a total of 15,087 shares of company stock valued at $8,550,828 in the last ninety days. 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.