RS Group plc (LON:RS1) Insider Buys £45,430.80 in Stock

RS Group plc (LON:RS1) insider Miles Roberts bought 7,860 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was bought at an average cost of GBX 578 ($7.48) per share, for a total transaction of £45,430.80 ($58,817.71).

RS Group Stock Down 1.4 %

Shares of LON RS1 traded down GBX 8 ($0.10) during midday trading on Friday, hitting GBX 575 ($7.44). The company’s stock had a trading volume of 271,995 shares, compared to its average volume of 2,529,461. The company has a debt-to-equity ratio of 47.26, a current ratio of 2.01 and a quick ratio of 1.24. The firm has a market capitalization of £2.71 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. The business’s fifty day simple moving average is GBX 631.81 and its two-hundred day simple moving average is GBX 693.89. RS Group plc has a 1 year low of GBX 572 ($7.41) and a 1 year high of GBX 850 ($11.00).

Analysts Set New Price Targets

RS1 has been the topic of a number of research analyst reports. Shore Capital raised shares of RS Group to a “buy” rating in a research note on Tuesday, January 28th. Berenberg Bank reissued a “hold” rating and issued a GBX 840 ($10.88) target price on shares of RS Group in a research report on Friday, November 29th. Finally, JPMorgan Chase & Co. raised their price target on RS Group from GBX 770 ($9.97) to GBX 780 ($10.10) and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, RS Group has an average rating of “Moderate Buy” and a consensus target price of GBX 840 ($10.88).

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.