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

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on RS1 shares. Berenberg Bank reiterated a “hold” rating and set a GBX 840 ($10.26) price target on shares of RS Group in a report on Friday, November 29th. JPMorgan Chase & Co. raised their target price on shares of RS Group from GBX 770 ($9.40) to GBX 780 ($9.52) and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Shore Capital upgraded shares of 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 840 ($10.26).

RS Group Stock Down 4.2 %

The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 47.24. The company’s fifty day moving average is GBX 702.32 and its 200-day moving average is GBX 742.99. The company has a market cap of £3.05 billion, a PE ratio of 1,652.56, a PEG ratio of 1.85 and a beta of 0.86.

RS Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders 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 presently 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.