Relx (LON:REL)‘s stock had its “neutral” rating restated by analysts at Citigroup in a research report issued on Monday, February 26th. They currently have a GBX 1,560 ($21.55) target price on the stock. Citigroup’s target price would suggest a potential upside of 4.66% from the company’s current price.
Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Relx from GBX 1,753 ($24.22) to GBX 1,905 ($26.32) and gave the company an “overweight” rating in a research note on Thursday, December 7th. Liberum Capital reissued a “buy” rating and issued a GBX 1,750 ($24.18) price target on shares of Relx in a research report on Tuesday, December 19th. Kepler Capital Markets raised shares of Relx to a “buy” rating and upped their target price for the stock from GBX 1,600 ($22.11) to GBX 1,990 ($27.49) in a report on Monday, November 20th. Barclays decreased their target price on shares of Relx from GBX 1,885 ($26.04) to GBX 1,820 ($25.15) and set an “overweight” rating on the stock in a report on Monday, January 29th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 1,840 ($25.42) price objective on shares of Relx in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Relx has an average rating of “Buy” and a consensus price target of GBX 1,704.67 ($23.55).
Relx (LON:REL) traded down GBX 2 ($0.03) during midday trading on Monday, hitting GBX 1,490.50 ($20.59). 2,420,297 shares of the company traded hands, compared to its average volume of 5,070,000. Relx has a twelve month low of GBX 1,399 ($19.33) and a twelve month high of GBX 1,784 ($24.65). The firm has a market cap of $30,750.00 and a price-to-earnings ratio of 1,817.68.
Relx (LON:REL) last announced its earnings results on Thursday, February 15th. The company reported GBX 81 ($1.12) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 80.60 ($1.11) by GBX 0.40 ($0.01). The business had revenue of GBX 735.50 billion during the quarter. Relx had a net margin of 26.78% and a return on equity of 91.18%.
In related news, insider Erik Engstrom sold 49,594 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of GBX 1,491 ($20.60), for a total value of £739,446.54 ($1,021,617.21).
Relx Company Profile
RELX PLC is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.
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