Relx PLC (REL) Shares Down 1.1%
Shares of Relx PLC (LON:REL) dropped 1.1% during mid-day trading on Friday . The stock traded as low as GBX 1,672 ($21.98) and last traded at GBX 1,680 ($22.09). Approximately 2,273,955 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 2,288,890 shares. The stock had previously closed at GBX 1,698 ($22.32).
Several analysts have weighed in on REL shares. Liberum Capital reiterated a “buy” rating and issued a GBX 1,750 ($23.01) price objective on shares of Relx PLC in a research report on Friday, August 25th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 1,515 ($19.92) price objective on shares of Relx PLC in a research report on Friday, July 28th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 1,550 ($20.38) price objective on shares of Relx PLC in a research report on Thursday, July 27th. J P Morgan Chase & Co boosted their price objective on Relx PLC from GBX 1,690 ($22.22) to GBX 1,753 ($23.05) and gave the company an “overweight” rating in a research report on Monday, September 4th. Finally, Credit Suisse Group boosted their price objective on Relx PLC from GBX 1,675 ($22.02) to GBX 1,800 ($23.67) and gave the company an “outperform” rating in a research report on Friday, June 23rd. One equities research 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. The stock presently has a consensus rating of “Buy” and an average target price of GBX 1,645.06 ($21.63).
The company’s 50-day moving average price is GBX 1,661.65 and its 200 day moving average price is GBX 1,642.54. The firm’s market capitalization is GBX 33.86 billion.
About Relx PLC
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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