Shore Capital restated their hold rating on shares of RS Group (LON:RS1 – Free Report) in a research report report published on Wednesday morning, Marketbeat reports.
Separately, Royal Bank of Canada reissued an outperform rating and issued a GBX 925 ($11.76) price target on shares of RS Group in a research note on Wednesday, April 3rd.
Read Our Latest Research Report on RS1
RS Group Stock Down 2.6 %
RS Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 13th will be issued a dividend of GBX 13.70 ($0.17) per share. This is a boost from RS Group’s previous dividend of $8.30. The ex-dividend date is Thursday, June 13th. This represents a yield of 1.7%. RS Group’s dividend payout ratio is presently 5,641.03%.
Insider Activity at RS Group
In related news, insider Kate Ringrose bought 2,421 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average price of GBX 822 ($10.45) per share, with a total value of £19,900.62 ($25,293.11). 0.66% of the stock is owned by insiders.
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.
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