JPMorgan Chase Increases Relx (REL) Price Target to GBX 1,820

Relx (LON:REL) had its target price boosted by JPMorgan Chase from GBX 1,785 ($24.21) to GBX 1,820 ($24.69) in a research report released on Friday. JPMorgan Chase currently has an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Liberum Capital restated a buy rating and set a GBX 1,750 ($23.74) price objective on shares of Relx in a research report on Monday, January 29th. Societe Generale restated a buy rating and set a GBX 1,990 ($26.99) price objective on shares of Relx in a research report on Friday, January 26th. Investec restated a buy rating and set a GBX 1,900 ($25.77) price objective on shares of Relx in a research report on Monday, February 12th. Deutsche Bank restated a buy rating and set a GBX 1,750 ($23.74) price objective on shares of Relx in a research report on Friday, February 16th. Finally, Kepler Capital Markets cut their price objective on shares of Relx from GBX 1,990 ($26.99) to GBX 1,800 ($24.42) and set a buy rating for the company in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of GBX 1,707 ($23.16).

Relx traded up GBX 22.50 ($0.31), hitting GBX 1,619.50 ($21.97), during midday trading on Friday, MarketBeat Ratings reports. 4,476,445 shares of the stock were exchanged, compared to its average volume of 4,990,000. Relx has a fifty-two week low of GBX 1,399 ($18.98) and a fifty-two week high of GBX 1,784 ($24.20).

Relx (LON:REL) last released its quarterly earnings data on Thursday, February 15th. The company reported GBX 81 ($1.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 80.60 ($1.09) by GBX 0.40 ($0.01). Relx had a net margin of 26.78% and a return on equity of 91.18%. The firm had revenue of GBX 735.50 billion during the quarter.

In other Relx news, insider Erik Engstrom sold 55,000 shares of Relx stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of GBX 1,493 ($20.25), for a total transaction of £821,150 ($1,113,876.83).

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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