RS Group plc (LON:RS1) Insider Buys £233,160 in Stock

RS Group plc (LON:RS1 – Get Rating) insider Simon Pryce bought 29,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was purchased at an average price of GBX 804 ($10.00) per share, for a total transaction of £233,160 ($290,000.00).

RS Group Stock Down 0.4 %

Shares of LON:RS1 opened at GBX 790 ($9.83) on Wednesday. The stock has a market cap of £3.73 billion, a P/E ratio of 1,391.58, a P/E/G ratio of 1.85 and a beta of 0.86. The firm has a fifty day moving average price of GBX 876.35 and a 200 day moving average price of GBX 922.22. The company has a debt-to-equity ratio of 29.28, a current ratio of 2.01 and a quick ratio of 1.24. RS Group plc has a 1-year low of GBX 778.40 ($9.68) and a 1-year high of GBX 1,169 ($14.54).

RS Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 21st. Investors of record on Thursday, June 15th will be paid a dividend of GBX 13.70 ($0.17) per share. 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 dividend payout ratio is currently 3,333.33%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RS1. Peel Hunt reiterated a “buy” rating and issued a GBX 1,100 ($13.68) target price on shares of RS Group in a report on Tuesday. Morgan Stanley began coverage on shares of RS Group in a report on Thursday, February 16th. They issued an “equal weight” rating and a GBX 950 ($11.82) price objective on the stock. BNP Paribas began coverage on shares of RS Group in a research note on Thursday, April 6th. They set a “neutral” rating and a GBX 1,000 ($12.44) target price on the stock. Berenberg Bank upped their target price on shares of RS Group from GBX 1,010 ($12.56) to GBX 1,050 ($13.06) and gave the stock a “hold” rating in a research note on Tuesday, February 21st. Finally, Shore Capital reaffirmed a “hold” rating on shares of RS Group in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 1,032.86 ($12.85).

About RS Group

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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.