RS Group plc (LON:RS1) Declares Dividend of GBX 13.70

RS Group plc (LON:RS1) declared a dividend on Wednesday, May 22nd, Upcoming.Co.Uk reports. Investors of record on Thursday, June 13th will be given a dividend of GBX 13.70 ($0.17) per share on Friday, July 19th. This represents a yield of 1.7%. The ex-dividend date is Thursday, June 13th. This is an increase from RS Group’s previous dividend of $8.30. The official announcement can be accessed at this link.

RS Group Stock Performance

RS Group stock opened at GBX 781 ($9.93) on Thursday. RS Group has a fifty-two week low of GBX 551.20 ($7.01) and a fifty-two week high of GBX 852.60 ($10.84). The company has a market capitalization of £3.70 billion, a PE ratio of 1,593.00, a P/E/G ratio of 1.85 and a beta of 0.89. The company has a 50 day moving average price of GBX 744.78 and a 200-day moving average price of GBX 761.97. The company has a debt-to-equity ratio of 63.10, a quick ratio of 1.24 and a current ratio of 1.90.

Analysts Set New Price Targets

A number of analysts recently weighed in on RS1 shares. Shore Capital reaffirmed a “hold” rating on shares of RS Group in a research note on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 925 ($11.76) price objective on shares of RS Group in a research report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, RS Group presently has an average rating of “Moderate Buy” and an average target price of GBX 1,013 ($12.87).

Insiders Place Their Bets

In related news, insider Kate Ringrose bought 2,421 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were acquired at an average price of GBX 822 ($10.45) per share, for a total transaction of £19,900.62 ($25,293.11). Insiders own 0.66% of the company’s stock.

About RS Group

RS Group plc, together with its subsidiaries, distributes various electronics and industrial products and solutions in the United Kingdom, the United States, France, Germany, Italy, Mexico, and internationally. The company provides industrial interconnect and test, industrial automation and control, board-level electronics, and single-board computing products; and tools, consumables, and facilities maintenance products, such as personal protective equipment, site safety products, and 3D printing products.