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Shares in RS Group (LSE: RS1), the industrial electronics and maintenance products distributor, fell almost 3% after Deutsche Bank downgraded the stock from 'buy' to 'hold' and cut its price target from 800p to 700p. The shares, down 8% year-to-date, were changing hands for 571.5p.

RS Group PLC (LSE:RS1) shares fell 4% to 562p despite the industrial parts distributor reporting full-year profits marginally ahead of analyst expectations, as investors focused on a steeper-than-expected drop in revenues. For the twelve months to 31 March 2026, like-for-like revenue fell 0.6%, worse than the market had anticipated.

RS Group PLC (LSE:RS1) received a price target upgrade from Deutsche Bank, which raised its forecast from 760p to 800p and reiterated its ‘Buy' recommendation.  The broker cited stabilising like-for-like revenues after a three-year decline, with prospects for renewed growth as the industrial production cycle turns.