RS Group (LON:RS1) Sets New 52-Week Low – What’s Next?

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

Analysts Set New Price Targets

RS1 has been the topic of a number of recent analyst reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 840 ($10.46) price target on shares of RS Group in a research report on Friday, November 29th. Shore Capital raised RS Group to a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on RS Group from GBX 770 ($9.59) to GBX 780 ($9.71) and gave the company a “neutral” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, RS Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 840 ($10.46).

RS Group Stock Up 0.4 %

The company has a debt-to-equity ratio of 47.24, a current ratio of 2.01 and a quick ratio of 1.24. The business’s fifty day moving average price is GBX 688.07 and its two-hundred day moving average price is GBX 738.14. The stock has a market capitalization of £3.12 billion, a PE ratio of 1,691.03, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86.

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

RS Group Cuts Dividend

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