RS Group (LON:RS1) Receives “Hold” Rating from Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of RS Group (LON:RS1) in a report issued on Friday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 840 ($10.63) price objective on the stock.

Several other brokerages have also recently weighed in on RS1. Shore Capital upgraded shares of RS Group to a “buy” rating in a research note on Thursday, November 7th. Citigroup upgraded shares of RS Group to a “buy” rating in a research note on Thursday, September 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RS Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 841.67 ($10.65).

RS Group Stock Performance

Shares of RS1 stock traded down GBX 1.50 ($0.02) during midday trading on Friday, hitting GBX 713 ($9.02). 396,589 shares of the company were exchanged, compared to its average volume of 1,380,429. RS Group has a 52 week low of GBX 680.50 ($8.61) and a 52 week high of GBX 852.60 ($10.79). The firm has a market capitalization of £3.38 billion, a P/E ratio of 1,828.21, a PEG ratio of 1.85 and a beta of 0.86. The firm’s 50 day moving average price is GBX 746.35 and its two-hundred day moving average price is GBX 753.87. 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 Cuts Dividend

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

About RS Group

RS Group plc, together with its subsidiaries, distributes various electronics and industrial products and solutions in the United Kingdom, the United States, France, Germany, Italy, Mexico, and internationally. The company provides industrial interconnect and test, industrial automation and control, board-level electronics, and single-board computing products; and tools, consumables, and facilities maintenance products, such as personal protective equipment, site safety products, and 3D printing products.