RS Group (LON:RS1) Stock Price Down 0.9% – Here’s Why

RS Group plc (LON:RS1)’s stock price dropped 0.9% during mid-day trading on Friday . The stock traded as low as GBX 565 ($7.63) and last traded at GBX 565 ($7.63). Approximately 404,125 shares traded hands during trading, a decline of 74% from the average daily volume of 1,534,597 shares. The stock had previously closed at GBX 570 ($7.70).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of RS Group in a report on Thursday, July 17th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 810.

RS Group Trading Down 0.9%

The business has a 50-day moving average of GBX 571.97 and a 200-day moving average of GBX 569.68. The stock has a market capitalization of £2.65 billion, a price-to-earnings ratio of 1,738.46, a PEG ratio of 1.85 and a beta of 0.86. The company has a debt-to-equity ratio of 47.26, a quick ratio of 1.24 and a current ratio of 2.01.

Insider Buying and Selling

In other RS Group news, insider Kate Ringrose sold 6,143 shares of RS Group stock in a transaction on Monday, June 30th. The shares were sold at an average price of GBX 580, for a total value of £35,629.40. Insiders have acquired 10,204 shares of company stock valued at $5,767,518 in the last quarter. Insiders own 0.68% 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.