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

RS Group (LON:RS1) had its target price increased by JPMorgan Chase & Co. from GBX 770 ($9.83) to GBX 780 ($9.95) in a research note published on Thursday, Marketbeat reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also weighed in on RS1. Shore Capital upgraded shares of RS Group to a “buy” rating in a report on Thursday, November 7th. Berenberg Bank reissued a “hold” rating and set a GBX 840 ($10.72) price target on shares of RS Group in a research report on Friday, November 29th. Finally, Citigroup raised shares of RS Group to a “buy” rating in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, RS Group currently has an average rating of “Moderate Buy” and an average price target of GBX 840 ($10.72).

RS Group Price Performance

LON:RS1 opened at GBX 725 ($9.25) on Thursday. The firm has a market cap of £3.43 billion, a price-to-earnings ratio of 1,864.10, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 47.24. The company’s 50-day moving average is GBX 741.80 and its two-hundred day moving average is GBX 751.59. RS Group has a 12-month low of GBX 680.50 ($8.68) and a 12-month high of GBX 852.60 ($10.88).

RS Group Cuts Dividend

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