RS Group (LON:RS1) Trading Down 0.9% – Should You Sell?

RS Group plc (LON:RS1) fell 0.9% during trading on Tuesday . The stock traded as low as GBX 580.50 and last traded at GBX 581.50. 1,411,185 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 10,915,755 shares. The stock had previously closed at GBX 587.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RS1. Berenberg Bank restated a “hold” rating and set a GBX 600 target price on shares of RS Group in a research note on Wednesday, June 3rd. Royal Bank Of Canada increased their price objective on shares of RS Group from GBX 770 to GBX 780 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Stifel Nicolaus restated a “buy” rating and issued a GBX 675 target price on shares of RS Group in a report on Wednesday, May 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 700 target price on shares of RS Group in a research report on Thursday, May 21st. Finally, UBS Group reiterated a “neutral” rating and set a GBX 620 target price on shares of RS Group in a research note on Monday, May 18th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, RS Group presently has an average rating of “Moderate Buy” and an average target price of GBX 692.86.

RS Group Stock Up 0.7%

The company’s 50 day moving average price is GBX 628.41 and its two-hundred day moving average price is GBX 635.31. The company has a current ratio of 1.79, a quick ratio of 1.24 and a debt-to-equity ratio of 35.05. The stock has a market cap of £2.90 billion, a P/E ratio of 17.75, a PEG ratio of 1.85 and a beta of 0.83.

RS Group (LON:RS1) last posted its quarterly earnings data on Wednesday, May 20th. The company reported GBX 38.70 earnings per share (EPS) for the quarter. The company had revenue of GBX 288.11 billion for the quarter. RS Group had a net margin of 5.62% and a return on equity of 11.55%.

RS Group declared that its Board of Directors has authorized a stock buyback program on Wednesday, May 20th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.