RS Group (LON:RS1) Hits New 52-Week Low – Should You Sell?

RS Group plc (LON:RS1)’s stock price hit a new 52-week low on Friday . The company traded as low as GBX 655 ($8.06) and last traded at GBX 655.50 ($8.07), with a volume of 457668 shares changing hands. The stock had previously closed at GBX 672.50 ($8.27).

Wall Street Analyst Weigh In

RS1 has been the topic of a number of recent research reports. Shore Capital raised shares of RS Group to a “buy” rating in a report on Thursday, November 7th. Berenberg Bank restated a “hold” rating and set a GBX 840 ($10.34) price objective on shares of RS Group in a research note on Friday, November 29th. Finally, JPMorgan Chase & Co. raised their target price on RS Group from GBX 770 ($9.47) to GBX 780 ($9.60) 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 given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 840 ($10.34).

RS Group Price Performance

The stock has a 50 day moving average of GBX 703.33 and a two-hundred day moving average of GBX 743.67. The company has a debt-to-equity ratio of 47.24, a quick ratio of 1.24 and a current ratio of 2.01. The stock has a market cap of £3.11 billion, a PE ratio of 1,680.77, a PEG ratio of 1.85 and a beta of 0.86.

RS Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, November 21st were issued a dividend of GBX 8.50 ($0.10) per share. The ex-dividend date was Thursday, November 21st. This represents a dividend yield of 1.25%. RS Group’s dividend 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.