RS Group (LON:RS1) Stock Breaks Above 50 Day Moving Average – Should You Sell?

RS Group plc (LON:RS1)’s share price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of GBX 763.62 and traded as high as GBX 819. RS Group shares last traded at GBX 806.33, with a volume of 49,013,262 shares traded.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on RS Group from GBX 635 to GBX 720 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Berenberg Bank lifted their target price on RS Group from GBX 650 to GBX 900 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 733.75.

RS Group Stock Performance

The firm has a market cap of £3.47 billion, a P/E ratio of 21.99, a P/E/G ratio of 1.85 and a beta of 0.87. The company has a debt-to-equity ratio of 35.05, a quick ratio of 1.24 and a current ratio of 1.79. The company’s 50 day moving average is GBX 763.62 and its 200 day moving average is GBX 677.49.

RS Group (LON:RS1) last posted its earnings results on Thursday, November 5th. The company reported GBX 20.90 earnings per share for the quarter. The firm had revenue of GBX 154.43 billion for the quarter. RS Group had a net margin of 5.62% and a return on equity of 11.55%.

About RS Group

RS Group plc is a high-service global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably.

We operate in 33 markets, stock over 875,000 industrial 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.