RS Group (LON:RS1) Reaches New 52-Week High - Should You Buy?

Shares of RS Group plc (LON:RS1 - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 708 and last traded at GBX 708, with a volume of 1765882 shares trading hands. The stock had previously closed at GBX 704.Wall Street Analyst Weigh InA number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 810 price target on shares of RS Group in a report on Friday, November 7th. Citigroup decreased their price objective on shares of RS Group from GBX 800 to GBX 700 and set a "buy" rating on the stock in a research report on Friday, November 7th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 670 price objective on shares of RS Group in a report on Friday, November 7th. Finally, Shore Capital Group reiterated a "buy" rating on shares of RS Group in a research report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, RS Group presently has an average rating of "Moderate Buy" and a consensus price target of GBX 720.Get Our Latest Report on RS1RS Group Trading Up 1.8%The company has a market cap of £3.36 billion, a PE ratio of 21.20, a PEG ratio of 1.85 and a beta of 0.86. The stock has a 50 day moving average price of GBX 642.49 and a 200 day moving average price of GBX 592.54. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 47.26. About RS Group (Get Free Report)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.See AlsoFive stocks we like better than RS GroupThe buying spree that no one is talking aboutNvidia CEO Issues Bold Tesla CallGold’s rally is big — but what comes next could be biggerWall Street Turns Bullish on USAU as Gold Hits New Record!How to collect $500-$800 weekly (BlackRock's system)This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in RS Group Right Now?Before you consider RS Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RS Group wasn't on the list.While RS Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here