RS Group (LON:RS1) Reaches New 1-Year Low – Should You Sell?

RS Group plc (LON:RS1) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 575 ($7.43) and last traded at GBX 581.50 ($7.51), with a volume of 107994 shares changing hands. The stock had previously closed at GBX 581.50 ($7.51).

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RS1. Shore Capital raised shares of RS Group to a “buy” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. upped their price objective on RS Group from GBX 770 ($9.95) to GBX 780 ($10.08) and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 840 ($10.85) price objective on shares of RS Group in a research report on Friday, November 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 840 ($10.85).

RS Group Stock Performance

The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 47.26. The firm has a market capitalization of £2.74 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. The company’s 50-day simple moving average is GBX 635.96 and its 200 day simple moving average is GBX 697.28.

RS Group Company Profile

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.