Investec Reaffirms “Buy” Rating for Relx (REL)
Relx (LON:REL)‘s stock had its “buy” rating reissued by investment analysts at Investec in a research report issued on Monday. They currently have a GBX 1,900 ($26.64) price target on the stock. Investec’s target price suggests a potential upside of 27.52% from the company’s previous close.
Other research analysts also recently issued reports about the stock. Barclays downgraded shares of Relx to an “equal weight” rating and set a GBX 1,600 ($22.43) target price on the stock. in a research report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Relx from GBX 1,753 ($24.58) to GBX 1,905 ($26.71) and gave the stock an “overweight” rating in a research report on Thursday, December 7th. Liberum Capital reissued a “buy” rating and issued a GBX 1,750 ($24.54) target price on shares of Relx in a research report on Friday, November 10th. Panmure Gordon reissued a “hold” rating and issued a GBX 1,550 ($21.73) target price on shares of Relx in a research report on Friday, October 27th. Finally, Societe Generale reissued a “buy” rating and issued a GBX 1,990 ($27.90) target price on shares of Relx in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 1,703.94 ($23.89).
Relx (LON REL) opened at GBX 1,490 ($20.89) on Monday. The firm has a market cap of $30,800.00 and a P/E ratio of 2,365.08. Relx has a 1 year low of GBX 1,449.82 ($20.33) and a 1 year high of GBX 1,784 ($25.01).
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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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