RS Group (LON:RS1) Trading Down 4% – Should You Sell?

RS Group plc (LON:RS1)’s stock price fell 4% during trading on Tuesday . The stock traded as low as GBX 654.50 and last traded at GBX 660.28. 1,529,060 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 6,543,757 shares. The stock had previously closed at GBX 687.60.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 810 target price on shares of RS Group in a research report on Friday, November 7th. Citigroup decreased their price target on RS Group from GBX 800 to GBX 700 and set a “buy” rating for the company in a report on Friday, November 7th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 670 price objective on shares of RS Group in a research report on Friday, November 7th. Finally, Shore Capital Group reissued a “buy” rating on shares of RS Group in a research report on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 720.

RS Group Price Performance

The stock has a market capitalization of £3.09 billion, a PE ratio of 19.53, a P/E/G ratio of 1.85 and a beta of 0.68. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 39.74. The stock’s 50-day moving average is GBX 666.33 and its 200 day moving average is GBX 608.96.

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. This extensive range supports our customers across the industrial lifecycle of designing, building, and maintaining equipment and operations. We enhance their experience through a tailored service model, leveraging our efficient physical, digital and process infrastructure sustainably.