RS Group (LON:RS1) Stock Price Down 4% – Should You Sell?

RS Group plc (LON:RS1) traded down 4% during trading on Tuesday . The company traded as low as GBX 654.50 and last traded at GBX 660.28. 1,529,060 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 6,543,757 shares. The stock had previously closed at GBX 687.60.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RS1 shares. Berenberg Bank reiterated a “hold” rating and set a GBX 670 price target on shares of RS Group in a report on Friday, November 7th. Shore Capital Group restated a “buy” rating on shares of RS Group in a report on Thursday, November 6th. Citigroup reduced their target price on shares of RS Group from GBX 800 to GBX 700 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 810 target price on shares of RS Group in a research report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 720.

RS Group Stock Performance

The stock has a fifty day moving average price of GBX 666.33 and a 200 day moving average price of GBX 608.96. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 39.74. The firm has a market cap of £3.09 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.85 and a beta of 0.68.

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. 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.