Relx (REL) Rating Reiterated by Deutsche Bank

Relx (LON:REL)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank in a research report issued to clients and investors on Friday.

Other analysts also recently issued reports about the company. Barclays downgraded Relx to an “equal weight” rating and set a GBX 1,600 ($22.46) price objective for the company. in a research note on Monday, February 12th. JPMorgan Chase lowered their price objective on Relx from GBX 1,883 ($26.43) to GBX 1,785 ($25.06) and set an “overweight” rating for the company in a research note on Tuesday, February 13th. Investec reissued a “buy” rating and issued a GBX 1,900 ($26.67) price objective on shares of Relx in a research note on Monday, February 12th. Liberum Capital reissued a “buy” rating and issued a GBX 1,685 ($23.65) price objective (down from GBX 1,750 ($24.56)) on shares of Relx in a research note on Monday, March 5th. Finally, Numis Securities reissued a “hold” rating and issued a GBX 1,550 ($21.76) price objective on shares of Relx in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 1,704.67 ($23.93).

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REL stock opened at GBX 1,518 ($21.31) on Friday. Relx has a fifty-two week low of GBX 1,399 ($19.64) and a fifty-two week high of GBX 1,784 ($25.04).

Relx (LON:REL) last issued its quarterly earnings data on Thursday, February 15th. The company reported GBX 81 ($1.14) EPS for the quarter, topping the consensus estimate of GBX 80.60 ($1.13) by GBX 0.40 ($0.01). The firm had revenue of GBX 735.50 billion during the quarter. Relx had a return on equity of 91.18% and a net margin of 26.78%.

In related news, insider Erik Engstrom sold 49,594 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of GBX 1,491 ($20.93), for a total transaction of £739,446.54 ($1,037,965.38).

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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.

Analyst Recommendations for Relx (LON:REL)

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