RS Group (LON:RS1) Hits New 12-Month Low – Here’s Why

RS Group plc (LON:RS1) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 617 ($7.68) and last traded at GBX 631.50 ($7.86), with a volume of 10502244 shares. The stock had previously closed at GBX 673 ($8.38).

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on RS Group from GBX 770 ($9.59) to GBX 780 ($9.71) and gave the stock a “neutral” rating in a report on Thursday, December 5th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 840 ($10.46) target price on shares of RS Group in a report on Friday, November 29th. Finally, Shore Capital raised shares of RS Group to a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 840 ($10.46).

RS Group Price Performance

The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 47.24. The firm has a market capitalization of £3.12 billion, a PE ratio of 1,691.03, a PEG ratio of 1.85 and a beta of 0.86. The stock has a 50-day moving average price of GBX 688.07 and a 200 day moving average price of GBX 738.14.

RS Group (LON:RS1) last issued its quarterly earnings results on Thursday, November 7th. The company reported GBX 18.70 ($0.23) EPS for the quarter. RS Group had a net margin of 6.24% and a return on equity of 13.23%.

RS Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, November 21st were paid a GBX 8.50 ($0.11) dividend. This represents a yield of 1.25%. The ex-dividend date was Thursday, November 21st. RS Group’s dividend payout ratio 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.