Berenberg Bank Reaffirms Buy Rating for Relx PLC (REL)
Berenberg Bank reissued their buy rating on shares of Relx PLC (LON:REL) in a research report released on Wednesday morning. Berenberg Bank currently has a GBX 1,600 ($21.31) price target on the stock, up from their previous price target of GBX 1,475 ($19.65).
A number of other brokerages have also recently weighed in on REL. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 1,575 ($20.98) price target (up previously from GBX 1,335 ($17.78)) on shares of Relx PLC in a research note on Thursday, August 18th. Morgan Stanley lifted their price target on Relx PLC from GBX 1,400 ($18.65) to GBX 1,465 ($19.51) and gave the stock an overweight rating in a research note on Monday, August 1st. Deutsche Bank AG lifted their price target on Relx PLC from GBX 1,260 ($16.78) to GBX 1,335 ($17.78) and gave the stock a buy rating in a research note on Friday, May 20th. BNP Paribas lifted their price target on Relx PLC from GBX 1,300 ($17.31) to GBX 1,600 ($21.31) and gave the stock an outperform rating in a research note on Friday, July 29th. Finally, Goldman Sachs Group Inc. reissued a neutral rating and issued a GBX 1,383 ($18.42) price target on shares of Relx PLC in a research note on Tuesday, July 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 1,358.78 ($18.10).
Shares of Relx PLC (LON:REL) opened at 1446.00 on Wednesday. The stock’s market cap is GBX 29.72 billion. The stock’s 50 day moving average is GBX 1,443.54 and its 200-day moving average is GBX 1,323.65. Relx PLC has a 1-year low of GBX 631.02 and a 1-year high of GBX 1,473.00.
The business also recently announced a dividend, which was paid on Friday, August 26th. Investors of record on Thursday, August 4th were issued a GBX 10.25 ($0.14) dividend. The ex-dividend date was Thursday, August 4th. This represents a yield of 0.7%.
About Relx PLC
RELX PLC is a United Kingdom-based company holding shares in RELX Group plc. RELX Group plc is a global provider of information and analytics for professional and business customers across industries. RELX Group plc serves customers in more than 180 countries. The Company operates in four market segments.
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