RS Group (LON:RS1) Sets New 1-Year Low - What's Next?

Shares of RS Group plc (LON:RS1 - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as GBX 669 ($8.39) and last traded at GBX 672 ($8.43), with a volume of 132388 shares trading hands. The stock had previously closed at GBX 676 ($8.48).

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Shore Capital upgraded RS Group to a "buy" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their price target on RS Group from GBX 770 ($9.66) to GBX 780 ($9.79) and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Berenberg Bank reiterated a "hold" rating and set a GBX 840 ($10.54) price objective on shares of RS Group in a research report on Friday, November 29th. Finally, Citigroup upgraded shares of RS Group to a "buy" rating in a report on Thursday, September 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 840 ($10.54).

RS Group Trading Down 0.9 %

The stock has a market capitalization of £3.17 billion, a P/E ratio of 1,717.95, a P/E/G ratio of 1.85 and a beta of 0.86. The stock's 50 day moving average price is GBX 711.37 and its 200-day moving average price is GBX 746.82. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 47.24.

RS Group Cuts Dividend

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