RS Group (LON:RS1) Reaches New 12-Month Low – What’s Next?

RS Group plc (LON:RS1)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 655 ($8.06) and last traded at GBX 655.50 ($8.07), with a volume of 457668 shares changing hands. The stock had previously closed at GBX 672.50 ($8.27).

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RS1 shares. Shore Capital upgraded shares of RS Group to a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on RS Group from GBX 770 ($9.47) to GBX 780 ($9.60) and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 840 ($10.34) price target on shares of RS Group in a report on Friday, November 29th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 840 ($10.34).

RS Group Price Performance

The company’s 50-day simple moving average is GBX 703.33 and its 200 day simple moving average is GBX 743.67. The stock has a market capitalization of £3.11 billion, a price-to-earnings ratio of 1,680.77, a P/E/G ratio of 1.85 and a beta of 0.86. 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 business also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, November 21st were paid a GBX 8.50 ($0.10) dividend. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, November 21st. RS Group’s payout ratio is 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.