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

RS Group plc (LON:RS1 - Get Free Report) hit a new 52-week low 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. The stock had previously closed at GBX 689 ($8.66).

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RS1 shares. Citigroup upgraded RS Group to a "buy" rating in a report on Thursday, September 5th. Shore Capital upgraded RS Group to a "buy" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on RS Group from GBX 770 ($9.68) to GBX 780 ($9.81) and gave the company a "neutral" rating in a report on Thursday, December 5th. Finally, Berenberg Bank reissued a "hold" rating and issued a GBX 840 ($10.56) price objective on shares of RS Group in a research report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, RS Group presently has an average rating of "Moderate Buy" and a consensus price target of GBX 840 ($10.56).

RS Group Price Performance

The company's 50-day moving average price is GBX 723.43 and its two-hundred day moving average price is GBX 748.02. The company has a debt-to-equity ratio of 47.24, a current ratio of 2.01 and a quick ratio of 1.24. The company has a market capitalization of £3.21 billion, a P/E ratio of 1,737.18, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86.

RS Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 3rd. Shareholders 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 yield of 1.25%. RS Group's dividend payout ratio (DPR) is presently 5,641.03%.

About RS Group

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.