RS Group (LON:RS1) Reaches New 52-Week Low – Here’s Why

RS Group plc (LON:RS1)’s share price hit a new 52-week low on Thursday . The stock traded as low as GBX 674.84 ($8.48) and last traded at GBX 683.50 ($8.59), with a volume of 113932 shares changing hands. The stock had previously closed at GBX 689 ($8.66).

Analyst Ratings Changes

RS1 has been the topic of several recent analyst reports. Citigroup upgraded RS Group to a “buy” rating in a research note on Thursday, September 5th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 840 ($10.56) target price on shares of RS Group in a research report on Friday, November 29th. Shore Capital raised shares of RS Group to a “buy” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, RS Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 840 ($10.56).

RS Group Trading Down 1.5 %

The company has a market cap of £3.21 billion, a P/E ratio of 1,739.74, a P/E/G ratio of 1.85 and a beta of 0.86. The business has a fifty day simple moving average of GBX 723.43 and a 200 day simple moving average of GBX 748.02. 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 company also recently disclosed a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, November 21st will be paid a dividend of GBX 8.50 ($0.11) per share. This represents a yield of 1.25%. The ex-dividend date is Thursday, November 21st. RS Group’s dividend payout ratio (DPR) 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.