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

Shares of RS Group plc (LON:RS1) reached a new 52-week low on Friday . The stock traded as low as GBX 655 ($8.00) and last traded at GBX 655.50 ($8.00), with a volume of 457668 shares. The stock had previously closed at GBX 672.50 ($8.21).

Analyst Upgrades and Downgrades

Several research firms have weighed in on RS1. Shore Capital upgraded RS Group to a “buy” rating in a report on Thursday, November 7th. Berenberg Bank restated a “hold” rating and issued a GBX 840 ($10.26) price target on shares of RS Group in a report on Friday, November 29th. Finally, JPMorgan Chase & Co. boosted their price target on RS Group from GBX 770 ($9.40) to GBX 780 ($9.52) and gave the company a “neutral” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 840 ($10.26).

RS Group Trading Down 4.2 %

The business has a 50-day simple moving average of GBX 702.32 and a two-hundred day simple moving average of GBX 742.99. The stock has a market cap of £3.05 billion, a price-to-earnings ratio of 1,652.56, a P/E/G ratio of 1.85 and a beta of 0.86. The company has a debt-to-equity ratio of 47.24, a current ratio of 2.01 and a quick ratio of 1.24.

RS Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, November 21st were paid a dividend of GBX 8.50 ($0.10) per share. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, November 21st. RS Group’s dividend payout ratio is 5,641.03%.

RS Group Company Profile

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.