RS Group Plc (RS1:LN) PT Lowered to GBP9 at RBC Capital By Cointelegraph
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- RBC Capital Analysts Update: RBC Capital analysts decreased the price target on RS Group Plc (RS1:LN) to GBP9.00 from GBP9.25 but maintained an Outperform rating.
- Financial Performance: FY results met expectations, but guidance on increased investment costs led to a 7% reduction in 25E forecasts and a 10% decrease in 26E forecasts.
- Target Price Adjustment: The target price was adjusted to 900p due to the revised forecasts.
- Outlook and Recommendation: Despite the adjustments, analysts believe RS1 is positioned well for market recovery, growth in market share, and margin expansion over the medium-term, maintaining an Outperform rating.
- Analysts' Perspective: They view the current situation as nearing the bottom with conservative guidance, expressing confidence in RS1's future prospects.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
