RS Group (LON:RS1) Given “Buy” Rating at Peel Hunt

Peel Hunt reiterated their buy rating on shares of RS Group (LON:RS1 – Get Rating) in a research note released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 1,100 ($13.68) target price on the stock.

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

RS Group Price Performance

LON RS1 opened at GBX 793.20 ($9.87) on Tuesday. 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 firm has a market capitalization of £3.75 billion, a P/E ratio of 1,391.58, a PEG ratio of 1.85 and a beta of 0.86. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 29.28. The company has a 50-day moving average price of GBX 876.35 and a 200-day moving average price of GBX 922.22.

RS Group Increases Dividend

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

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.