Analysts at RBC Capital lowered their value goal on RS Group (RS1:LN) to £9.00 from £9.25, however maintained their outperform ranking.

The analyst commented: “Whereas monetary yr outcomes have been in step with expectations, we’ve got lowered our E25/E26 forecasts by 7%/10% respectively attributable to steerage on growing funding prices, leading to a decrease goal value of 900p. We’re disillusioned to chop the figures once more, however with our conservative steerage we imagine we’re approaching the underside and proceed to imagine RS1 is nicely positioned to profit from a market restoration and achieve share and develop margins over the medium time period. We stay an outperformer.”