RS Group (LON:RS1) Hits New 1-Year Low – Here’s Why

RS Group plc (LON:RS1) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 674.84 ($8.48) and last traded at GBX 683.50 ($8.59), with a volume of 113932 shares. The stock had previously closed at GBX 689 ($8.66).

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Berenberg Bank restated a “hold” rating and issued a GBX 840 ($10.56) price target on shares of RS Group in a research note on Friday, November 29th. Citigroup upgraded shares of RS Group to a “buy” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their price target on shares of RS Group from GBX 770 ($9.68) to GBX 780 ($9.80) and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Shore Capital raised RS Group to a “buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 840 ($10.56).

RS Group Trading Up 0.2 %

The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 47.24. The firm has a market capitalization of £3.22 billion, a price-to-earnings ratio of 1,741.03, a P/E/G ratio of 1.85 and a beta of 0.86. The firm’s 50-day moving average is GBX 719.56 and its 200 day moving average is GBX 747.05.

RS Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, November 21st will be issued a dividend of GBX 8.50 ($0.11) per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a dividend yield of 1.25%. RS Group’s dividend payout ratio (DPR) is presently 5,641.03%.

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.