Shore Capital Reiterates “Buy” Rating for RS Group (LON:RS1)

RS Group (LON:RS1)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital in a research note issued to investors on Thursday, MarketBeat Ratings reports.

RS Group Stock Down 0.3%

Shares of RS1 opened at GBX 578 ($7.76) on Thursday. The business’s 50 day moving average is GBX 576.02 and its 200 day moving average is GBX 589.28. The company has a market capitalization of £2.73 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. RS Group has a 12-month low of GBX 476.80 ($6.40) and a 12-month high of GBX 850 ($11.41). The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 47.26.

RS Group (LON:RS1) last posted its earnings results on Wednesday, May 21st. The company reported GBX 39.10 ($0.52) earnings per share 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 David J. R. Sleath bought 4,883 shares of the firm’s stock in a transaction on Wednesday, May 28th. The stock was acquired at an average cost of GBX 570 ($7.65) per share, with a total value of £27,833.10 ($37,359.87). Also, insider Kate Ringrose sold 6,143 shares of the business’s stock in a transaction on Monday, June 30th. The stock was sold at an average price of GBX 580 ($7.79), for a total value of £35,629.40 ($47,824.70). In the last 90 days, insiders have purchased 15,087 shares of company stock valued at $8,550,828. 0.52% of the stock is owned by company insiders.

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.