Insider Buying: RS Group plc (LON:RS1) Insider Purchases £23,859.15 in Stock

RS Group plc (LON:RS1) insider David J. R. Sleath purchased 3,255 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of GBX 733 ($9.37) per share, for a total transaction of £23,859.15 ($30,490.93).

RS Group Stock Performance

RS1 opened at GBX 755 ($9.65) on Friday. The firm has a market cap of £3.58 billion, a price-to-earnings ratio of 1,935.90, a P/E/G ratio of 1.85 and a beta of 0.89. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 47.24. The stock’s 50-day moving average is GBX 743.17 and its two-hundred day moving average is GBX 749.49.

RS Group Increases Dividend

The company also recently declared a dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 13th were paid a dividend of GBX 13.70 ($0.18) per share. This represents a dividend yield of 1.7%. This is a positive change from RS Group’s previous dividend of $8.30. The ex-dividend date of this dividend was Thursday, June 13th. RS Group’s dividend payout ratio (DPR) is presently 5,641.03%.

Wall Street Analyst Weigh In

Several research firms have weighed in on RS1. Shore Capital reiterated a “hold” rating on shares of RS Group in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. increased their price objective on RS Group from GBX 780 ($9.97) to GBX 785 ($10.03) and gave the stock a “neutral” rating in a research report on Friday, July 12th. Finally, Royal Bank of Canada lowered their price objective on RS Group from GBX 925 ($11.82) to GBX 900 ($11.50) and set an “outperform” rating on the stock in a research report on Wednesday, May 29th.

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.