Shore Capital upgraded shares of RS Group (LON:RS1 – Free Report) to a buy rating in a research report released on Thursday, Marketbeat.com reports.
RS1 has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their target price on RS Group from GBX 780 ($10.15) to GBX 785 ($10.22) and gave the stock a “neutral” rating in a report on Friday, July 12th. Citigroup raised RS Group to a “buy” rating in a research note on Thursday, September 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 841.67 ($10.96).
Check Out Our Latest Analysis on RS1
RS Group Price Performance
RS Group Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, November 21st will be issued a dividend of GBX 8.50 ($0.11) per share. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 21st. RS Group’s dividend payout ratio is currently 5,641.03%.
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.
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