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

RS Group plc (LON:RS1 - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 617 ($7.68) and last traded at GBX 631.50 ($7.86), with a volume of 10502244 shares changing hands. The stock had previously closed at GBX 673 ($8.37).

Analyst Upgrades and Downgrades

Several brokerages recently commented on RS1. Berenberg Bank reissued a "hold" rating and issued a GBX 840 ($10.45) price objective on shares of RS Group in a research note on Friday, November 29th. JPMorgan Chase & Co. upped their target price on RS Group from GBX 770 ($9.58) to GBX 780 ($9.71) and gave the stock a "neutral" rating in a report on Thursday, December 5th. Finally, Shore Capital upgraded RS Group to a "buy" rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 840 ($10.45).

RS Group Price Performance

The company has a fifty day simple moving average of GBX 690.47 and a 200 day simple moving average of GBX 739.79. The stock has a market capitalization of £3.14 billion, a price-to-earnings ratio of 1,701.28, a P/E/G ratio of 1.85 and a beta of 0.86. 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 (LON:RS1 - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported GBX 18.70 ($0.23) EPS for the quarter. RS Group had a return on equity of 13.23% and a net margin of 6.24%.

RS Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, November 21st were paid a dividend of GBX 8.50 ($0.11) per share. This represents a 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%.

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.