BUZZ-RPS Group: falls as RBC slashes earnings and dividend forecasts

** Shares of environmental, energy, and infrastructure consultancy RPS Group Plc fall 3.1% to 119 pence

** Brokerage RBC cuts its price target on RPS to 150 pence from 210 pence, lowers FY19, F20 EPS estimates by about 20% and 17% respectively; RBC also cuts FY19 dividend forecast by 30%

** RPS last week said it expects full-year profit and revenue to be much lower than market and management expectations as slower economic growth in Australia crimps spending on infrastructure projects

** "Last week's trading update underlines the vulnerability of the RPS model to market volatility, but the majority of this looks more to do with timing than fundamental changes to underlying markets," analysts at RBC say in a note

** "However, given the cut to expectations, we think this potential is likely to be overlooked in the near term, albeit we see RPS as a target in a consolidating sector" - RBC (Reporting by Justin George Varghese in Bengaluru)