RS Group plc (LON:RS1) Insider Kate Ringrose Sells 9,484 Shares

RS Group plc (LON:RS1) insider Kate Ringrose sold 9,484 shares of RS Group stock in a transaction on Monday, July 1st. The shares were sold at an average price of GBX 701 ($8.87), for a total value of £66,482.84 ($84,091.63).

Kate Ringrose also recently made the following trade(s):

• On Wednesday, May 22nd, Kate Ringrose acquired 2,421 shares of RS Group stock. The stock was purchased at an average cost of GBX 822 ($10.40) per share, with a total value of £19,900.62 ($25,171.54).

RS Group Stock Up 3.9 %

Shares of LON:RS1 traded up GBX 26.50 ($0.34) on Tuesday, hitting GBX 713.50 ($9.02). 1,031,261 shares of the company’s stock were exchanged, compared to its average volume of 1,256,984. The firm’s 50-day moving average is GBX 745.25 and its 200 day moving average is GBX 754.89. The company has a market capitalization of £3.38 billion, a PE ratio of 1,761.54, a P/E/G ratio of 1.85 and a beta of 0.89. RS Group plc has a 1-year low of GBX 551.20 ($6.97) and a 1-year high of GBX 852.60 ($10.78). The company has a debt-to-equity ratio of 47.24, a quick ratio of 1.24 and a current ratio of 2.01.

RS Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, June 13th will be issued a GBX 13.70 ($0.17) dividend. This is an increase from RS Group’s previous dividend of $8.30. This represents a dividend yield of 1.7%. The ex-dividend date is Thursday, June 13th. RS Group’s payout ratio is presently 5,641.03%.

Wall Street Analysts Forecast Growth

RS1 has been the subject of several analyst reports. Shore Capital reissued a “hold” rating on shares of RS Group in a research note on Wednesday, May 22nd. Royal Bank of Canada lowered their target price on RS Group from GBX 925 ($11.70) to GBX 900 ($11.38) and set an “outperform” rating for the company in a research note on Wednesday, May 29th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 780 ($9.87) target price on shares of RS Group in a research note on Tuesday, June 18th.

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.