Relx (LON:REL)‘s stock had its “buy” rating reiterated by analysts at Liberum Capital in a report released on Thursday. They currently have a GBX 1,750 ($23.55) price objective on the stock. Liberum Capital’s price objective would indicate a potential upside of 0.63% from the company’s previous close.
Several other research firms also recently weighed in on REL. Kepler Capital Markets raised shares of Relx to a “buy” rating and lifted their price target for the company from GBX 1,600 ($21.53) to GBX 1,990 ($26.78) in a research note on Monday, November 20th. Barclays reaffirmed an “overweight” rating and issued a GBX 1,885 ($25.37) price target on shares of Relx in a research note on Friday, October 27th. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 1,515 ($20.39) price target on shares of Relx in a research note on Friday, October 27th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 1,550 ($20.86) price target on shares of Relx in a research note on Friday, October 27th. Finally, J P Morgan Chase & Co lifted their price target on shares of Relx from GBX 1,753 ($23.59) to GBX 1,905 ($25.64) and gave the company an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 1,688.63 ($22.73).
Relx (LON REL) opened at GBX 1,739 ($23.41) on Thursday. Relx has a fifty-two week low of GBX 1,322 ($17.79) and a fifty-two week high of GBX 1,784 ($24.01).
In other Relx news, insider Robert MacLeod bought 3,700 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of GBX 1,725 ($23.22) per share, with a total value of £63,825 ($85,901.75).
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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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