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

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

Analysts Set New Price Targets

RS1 has been the topic of a number of research analyst reports. Citigroup cut their target price on shares of RS Group from GBX 800 to GBX 700 and set a “buy” rating on the stock in a research report on Friday, November 7th. Shore Capital Group reissued a “buy” rating on shares of RS Group in a report on Thursday, November 6th. Berenberg Bank restated a “hold” rating and set a GBX 670 price objective on shares of RS Group in a research report on Friday, November 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 810 target price on shares of RS Group in a research report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, RS Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 720.

RS Group Trading Up 0.6%

The company has a market cap of £3.13 billion, a P/E ratio of 19.78, a PEG ratio of 1.85 and a beta of 0.68. The firm’s 50 day moving average is GBX 667.11 and its two-hundred day moving average is GBX 609.35. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 39.74.

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.