RS Group (LON:RS1) Trading Up 1.3% – Should You Buy?

Shares of RS Group plc (LON:RS1) rose 1.3% during mid-day trading on Monday . The stock traded as high as GBX 521 ($7.00) and last traded at GBX 514 ($6.91). 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 ($6.82).

Wall Street Analyst Weigh In

Separately, Shore Capital upgraded 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 given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 840 ($11.29).

RS Group Trading Up 1.3 %

The firm has a market capitalization of £2.43 billion, a P/E ratio of 13.28, a PEG 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. The firm has a 50 day moving average of GBX 563.76 and a 200-day moving average of GBX 647.94.

Insider Buying and Selling at RS Group

In other news, insider Miles Roberts acquired 7,860 shares of the stock in a transaction on Friday, March 28th. The stock was acquired at an average cost of GBX 578 ($7.77) per share, for a total transaction of £45,430.80 ($61,038.29). Also, insider Kate Ringrose acquired 6,880 shares of the stock in a transaction on Tuesday, March 25th. The shares were purchased at an average price of GBX 578 ($7.77) per share, with a total value of £39,766.40 ($53,427.92). 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.