RS Group (LON:RS1) Trading Down 4.8% – Should You Sell?

RS Group plc (LON:RS1)’s stock price traded down 4.8% during mid-day trading on Wednesday . The stock traded as low as GBX 547 and last traded at GBX 558.50. 63,223,320 shares were traded during trading, an increase of 820% from the average session volume of 6,875,078 shares. The stock had previously closed at GBX 586.50.

Analyst Ratings Changes

Separately, Stifel Nicolaus restated a “buy” rating and set a GBX 700 target price on shares of RS Group in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 716.

RS Group Trading Down 1.0%

The business has a 50 day simple moving average of GBX 660.14 and a 200-day simple moving average of GBX 613.97. The stock has a market capitalization of £2.62 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.85 and a beta of 0.69. The company has a debt-to-equity ratio of 39.74, a current ratio of 1.94 and a quick ratio of 1.24.

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.