RS Group (LON:RS1) Rating Reiterated by Peel Hunt

Peel Hunt restated their buy rating on shares of RS Group (LON:RS1 – Get Rating) in a report published on Tuesday, Marketbeat Ratings reports. They currently have a GBX 1,100 ($13.68) price target on the stock.

A number of other analysts also recently issued reports on RS1. Berenberg Bank lifted their price target on RS Group from GBX 1,010 ($12.56) to GBX 1,050 ($13.06) and gave the stock a hold rating in a report on Tuesday, February 21st. Shore Capital reaffirmed a hold rating on shares of RS Group in a report on Tuesday. BNP Paribas assumed coverage on RS Group in a report on Thursday, April 6th. They set a neutral rating and a GBX 1,000 ($12.44) price target for the company. Finally, Morgan Stanley started coverage on shares of RS Group in a research report on Thursday, February 16th. They set an equal weight rating and a GBX 950 ($11.82) price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of GBX 1,032.86 ($12.85).

RS Group Trading Down 7.0 %

LON RS1 opened at GBX 793.20 ($9.87) on Tuesday. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 29.28. RS Group has a 52 week low of GBX 786.69 ($9.78) and a 52 week high of GBX 1,169 ($14.54). The stock has a market capitalization of £3.75 billion, a PE ratio of 1,391.58, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. The firm has a 50 day moving average of GBX 876.35 and a two-hundred day moving average of GBX 922.22.

RS Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 21st. Shareholders of record on Thursday, June 15th will be paid a GBX 13.70 ($0.17) dividend. The ex-dividend date is Thursday, June 15th. This represents a yield of 1.61%. This is a boost from RS Group’s previous dividend of $7.20. RS Group’s payout ratio is currently 3,333.33%.

About RS Group

(Get Rating)

RS Group plc, together with its subsidiaries, distributes various electronics and industrial products in the United Kingdom, the United States, France, Germany, Italy, 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.