RS Group plc (LON:RS1) Insider Acquires £39,766.40 in Stock

RS Group plc (LON:RS1) insider Kate Ringrose bought 6,880 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was bought at an average cost of GBX 578 ($7.48) per share, for a total transaction of £39,766.40 ($51,484.21).

RS Group Stock Performance

RS Group stock traded up GBX 6 ($0.08) during mid-day trading on Wednesday, hitting GBX 583 ($7.55). 400,495 shares of the company’s stock traded hands, compared to its average volume of 2,573,441. RS Group plc has a fifty-two week low of GBX 575 ($7.44) and a fifty-two week high of GBX 850 ($11.00). The stock has a market cap of £2.75 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 1.85 and a beta of 0.86. The firm has a 50 day simple moving average of GBX 634.86 and a two-hundred day simple moving average of GBX 695.88. The company has a debt-to-equity ratio of 47.26, a current ratio of 2.01 and a quick ratio of 1.24.

Analysts Set New Price Targets

Several research analysts have weighed in on RS1 shares. Shore Capital raised RS Group to a “buy” rating in a research report on Tuesday, January 28th. Berenberg Bank restated a “hold” rating and set a GBX 840 ($10.88) target price on shares of RS Group in a report on Friday, November 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of RS Group from GBX 770 ($9.97) to GBX 780 ($10.10) and gave the company a “neutral” rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 840 ($10.88).

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.