Insider Buying: RS Group plc (LON:RS1) Insider Purchases 2,239 Shares of Stock

RS Group plc (LON:RS1Get Rating) insider Alex Baldock bought 2,239 shares of RS Group stock in a transaction on Wednesday, May 25th. The stock was purchased at an average price of GBX 840 ($10.57) per share, with a total value of £18,807.60 ($23,666.29).

RS1 opened at GBX 908 ($11.43) on Thursday. RS Group plc has a 52-week low of GBX 862.50 ($10.85) and a 52-week high of GBX 1,060 ($13.34).

The business also recently disclosed a dividend, which will be paid on Friday, July 22nd. Stockholders of record on Thursday, June 16th will be issued a dividend of GBX 11.60 ($0.15) per share. The ex-dividend date is Thursday, June 16th. This represents a dividend yield of 1.27%.

A number of equities analysts have commented on RS1 shares. Royal Bank of Canada reduced their target price on shares of RS Group from GBX 1,475 ($18.56) to GBX 1,300 ($16.36) and set an “outperform” rating for the company in a report on Wednesday. Peel Hunt reiterated a “buy” rating and issued a GBX 1,420 ($17.87) target price on shares of RS Group in a report on Tuesday.

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. It 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.

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