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

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

A number of other research analysts also recently issued reports on the company. Berenberg Bank reiterated a “hold” rating and issued a GBX 840 ($10.43) price target on shares of RS Group in a report on Friday, November 29th. JPMorgan Chase & Co. raised their target price on shares of RS Group from GBX 770 ($9.56) to GBX 780 ($9.69) and gave the company a “neutral” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, RS Group currently has an average rating of “Moderate Buy” and an average price target of GBX 840 ($10.43).

RS Group Trading Up 1.3 %

Shares of RS1 stock opened at GBX 665.72 ($8.27) on Tuesday. The company has a market cap of £3.15 billion, a PE ratio of 1,706.96, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. 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 stock’s 50 day simple moving average is GBX 687.15 and its two-hundred day simple moving average is GBX 737.63. RS Group has a 1 year low of GBX 617 ($7.66) and a 1 year high of GBX 850 ($10.56).

RS Group (LON:RS1) last posted its quarterly earnings results on Thursday, November 7th. The company reported GBX 18.70 ($0.23) earnings per share 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. Investors of record on Thursday, November 21st were given a GBX 8.50 ($0.11) dividend. This represents a dividend yield of 1.25%. The ex-dividend date 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.