RS Group Plc (RS1:LN) PT Lowered to GBP9 at RBC Capital By Cointelegraph
- 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.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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