RPS Group (LON:RPS) Stock Price Passes Above 200 Day Moving Average of $161.74

Shares of RPS Group plc (LON:RPS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $161.74 and traded as high as $146.60. RPS Group shares last traded at $144.00, with a volume of 131,739 shares traded.

RPS has been the subject of several recent research reports. Liberum Capital reaffirmed a “buy” rating on shares of RPS Group in a research report on Friday, September 6th. Royal Bank of Canada reduced their price objective on RPS Group from GBX 210 ($2.74) to GBX 150 ($1.96) and set an “outperform” rating for the company in a research report on Thursday, July 4th. Finally, Peel Hunt reaffirmed a “hold” rating on shares of RPS Group in a research report on Monday, July 29th.

The firm has a market cap of $324.38 million and a P/E ratio of 13.98. The company has a quick ratio of 1.46, a current ratio of 1.54 and a debt-to-equity ratio of 44.64. The firm has a fifty day moving average of GBX 132.42 and a 200-day moving average of GBX 161.74.

The business also recently announced a dividend, which will be paid on Friday, October 11th. Investors of record on Thursday, September 12th will be issued a dividend of GBX 2.42 ($0.03) per share. The ex-dividend date is Thursday, September 12th. This represents a yield of 1.81%. RPS Group’s payout ratio is presently 0.68%.

In related news, insider John Douglas bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average price of GBX 125 ($1.63) per share, for a total transaction of £31,250 ($40,833.66). Insiders have purchased 242,317 shares of company stock worth $27,363,330 in the last quarter.

About RPS Group (LON:RPS)

RPS Group plc, a consultancy company, provides advice on the development and management of the built and natural environment; planning and development of strategic infrastructure; and evaluation and development of energy, water, and other resources. The company operates through Built and Natural Environment, Energy, and Australia Asia Pacific segments.

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