0849 GMT - There is some downside risk for RS Group given its lack of visibility and an uncertain macro environment, RBC Capital Markets analysts Andrew Brooke and Karl Green say in a note. However, the risk-reward ratio remains on the upside for longer-term investors, they note. The industrial and electronics products distributor's balance sheet remains strong and provides options for further M&A, the analysts say. In the medium term, they see scope for share gains and improved margins stemming from efficiencies, as well as greater penetration of the RS Pro business and value-added services. "We continue to see RS as well positioned for recovery," the analysts say. Shares are down 7.4% at 623.50 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
January 28, 2025 03:50 ET (08:50 GMT)
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