RS Group (LON:RS1) Trading 0.7% Higher – Should You Buy?

Shares of RS Group plc (LON:RS1) traded up 0.7% during mid-day trading on Friday . The company traded as high as GBX 743.50 ($9.71) and last traded at GBX 737 ($9.62). 1,248,313 shares were traded during mid-day trading, a decline of 14% from the average session volume of 1,450,330 shares. The stock had previously closed at GBX 732 ($9.56).

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup raised shares of RS Group to a “buy” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their price objective on shares of RS Group from GBX 780 ($10.19) to GBX 785 ($10.25) and gave the stock a “neutral” rating in a research report on Friday, July 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 841.67 ($10.99).

RS Group Trading Up 0.7 %

The company has a debt-to-equity ratio of 47.24, a current ratio of 2.01 and a quick ratio of 1.24. The stock has a market capitalization of £3.49 billion, a PE ratio of 1,889.74, a PEG ratio of 1.85 and a beta of 0.86. The stock’s 50 day simple moving average is GBX 778.57 and its two-hundred day simple moving average is GBX 756.97.

Insider Buying and Selling at RS Group

In related news, insider David J. R. Sleath bought 3,255 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of GBX 733 ($9.57) per share, for a total transaction of £23,859.15 ($31,155.85). Corporate insiders own 0.52% of the company’s stock.

About RS Group

RS Group plc, together with its subsidiaries, distributes various electronics and industrial products and solutions in the United Kingdom, the United States, France, Germany, Italy, Mexico, and internationally. The company provides industrial interconnect and test, industrial automation and control, board-level electronics, and single-board computing products; and tools, consumables, and facilities maintenance products, such as personal protective equipment, site safety products, and 3D printing products.