Shore Capital Upgrades RS Group (LON:RS1) to “Buy”

Shore Capital upgraded shares of RS Group (LON:RS1) to a buy rating in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of RS Group from GBX 770 ($9.58) to GBX 780 ($9.71) and gave the company a “neutral” rating in a research note on Thursday, December 5th. Berenberg Bank restated a “hold” rating and issued a GBX 840 ($10.45) price objective on shares of RS Group in a research note on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have issued 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 ($10.45).

RS Group Price Performance

LON:RS1 opened at GBX 664.50 ($8.27) on Tuesday. The stock has a market cap of £3.15 billion, a P/E ratio of 1,703.85, a PEG ratio of 1.85 and a beta of 0.86. RS Group has a one year low of GBX 617 ($7.68) and a one year high of GBX 850 ($10.58). The company has a fifty day moving average price of GBX 689.34 and a 200 day moving average price of GBX 738.99. The company has a debt-to-equity ratio of 47.24, a current ratio of 2.01 and a quick ratio of 1.24.

RS Group (LON:RS1) last released its 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 company also recently announced a dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, November 21st were issued a GBX 8.50 ($0.11) dividend. This represents a dividend 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.