RS Group (LON:RS1) Sets New 52-Week Low – What’s Next?

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RS1 shares. Citigroup raised RS Group to a “buy” rating in a research report on Thursday, September 5th. 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. Shore Capital raised RS Group to a “buy” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of RS Group from GBX 770 ($9.68) to GBX 780 ($9.80) and gave the company a “neutral” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 840 ($10.56).

RS Group Stock 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 company has a market capitalization of £3.22 billion, a price-to-earnings ratio of 1,741.03, a PEG ratio of 1.85 and a beta of 0.86. The firm’s 50-day moving average price is GBX 719.56 and its 200 day moving average price is GBX 747.05.

RS Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, November 21st will be paid a dividend of GBX 8.50 ($0.11) per share. This represents a yield of 1.25%. The ex-dividend date is Thursday, November 21st. RS Group’s 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.