RS Group (LON:RS1) Rating Increased to Buy at Shore Capital

Shore Capital upgraded shares of RS Group (LON:RS1) to a buy rating in a report released on Tuesday, MarketBeat reports.

Several other research firms also recently commented on RS1. JPMorgan Chase & Co. boosted their target price on shares of RS Group from GBX 770 ($9.58) to GBX 780 ($9.71) and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Berenberg Bank reissued a “hold” rating and issued a GBX 840 ($10.45) target price on shares of RS Group in a research report on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 840 ($10.45).

RS Group Stock Performance

Shares of RS1 opened at GBX 664.50 ($8.27) on Tuesday. The company’s 50 day moving average price is GBX 689.34 and its 200 day moving average price is GBX 738.99. RS Group has a 52 week low of GBX 617 ($7.68) and a 52 week high of GBX 850 ($10.58). The company has a market capitalization of £3.15 billion, a PE ratio of 1,703.85, a PEG ratio of 1.85 and a beta of 0.86. The company has a debt-to-equity ratio of 47.24, a quick ratio of 1.24 and a current ratio of 2.01.

RS Group (LON:RS1) last announced its quarterly earnings data on Thursday, November 7th. The company reported GBX 18.70 ($0.23) EPS for the quarter. RS Group had a net margin of 6.24% and a return on equity of 13.23%.

RS Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, November 21st were paid a GBX 8.50 ($0.11) dividend. This represents a dividend yield of 1.25%. The ex-dividend date was Thursday, November 21st. RS Group’s payout ratio is 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.