RS Group (LON:RS1) Price Target Raised to GBX 780 at JPMorgan Chase & Co.

RS Group (LON:RS1) had its price objective increased by JPMorgan Chase & Co. from GBX 770 ($9.83) to GBX 780 ($9.95) in a report issued on Thursday, MarketBeat reports. The firm currently has a neutral rating on the stock.

Several other analysts have also commented on the stock. Citigroup upgraded shares of RS Group to a “buy” rating in a research report on Thursday, September 5th. Berenberg Bank reissued a “hold” rating and issued a GBX 840 ($10.72) price target on shares of RS Group in a research note on Friday, November 29th. Finally, Shore Capital raised shares of RS Group to a “buy” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 840 ($10.72).

RS Group Stock Up 0.3 %

LON:RS1 opened at GBX 725 ($9.25) on Thursday. The firm has a market capitalization of £3.43 billion, a P/E ratio of 1,864.10, a PEG ratio of 1.85 and a beta of 0.86. RS Group has a 1-year low of GBX 680.50 ($8.68) and a 1-year high of GBX 852.60 ($10.88). The company’s fifty day moving average price is GBX 741.80 and its 200-day moving average price is GBX 751.59. The company has a debt-to-equity ratio of 47.24, a current ratio of 2.01 and a quick ratio of 1.24.

RS Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, November 21st will be given a GBX 8.50 ($0.11) dividend. The ex-dividend date is Thursday, November 21st. This represents a yield of 1.25%. RS Group’s dividend payout ratio (DPR) is 5,641.03%.

About RS Group

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