RS Group (LON:RS1) Sets New 12-Month Low – Time to Sell?

RS Group plc (LON:RS1) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 674.84 ($8.48) and last traded at GBX 683.50 ($8.59), with a volume of 113932 shares traded. The stock had previously closed at GBX 689 ($8.66).

Analysts Set New Price Targets

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

RS Group Stock Performance

The firm has a market capitalization of £3.21 billion, a price-to-earnings ratio of 1,739.74, a P/E/G ratio of 1.85 and a beta of 0.86. The company has a 50-day moving average price of GBX 723.43 and a 200-day moving average price of GBX 748.02. 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 firm also recently announced a dividend, which will be paid on Friday, January 3rd. Shareholders 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 payout ratio is currently 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.