Relx (LON:REL)‘s stock had its “outperform” rating reiterated by Credit Suisse Group in a research note issued to investors on Friday, February 16th. They currently have a GBX 1,840 ($25.42) price target on the stock. Credit Suisse Group’s target price suggests a potential upside of 23.45% from the stock’s previous close.
Several other equities analysts have also issued reports on the stock. Kepler Capital Markets lowered their target price on shares of Relx from GBX 1,990 ($27.49) to GBX 1,800 ($24.87) and set a “buy” rating for the company in a report on Friday, February 16th. Numis Securities reiterated a “hold” rating and set a GBX 1,550 ($21.41) target price on shares of Relx in a report on Thursday, February 15th. Liberum Capital reiterated a “buy” rating and set a GBX 1,750 ($24.18) target price on shares of Relx in a report on Wednesday, February 14th. JPMorgan Chase & Co. decreased their price objective on shares of Relx from GBX 1,883 ($26.02) to GBX 1,785 ($24.66) and set an “overweight” rating for the company in a report on Tuesday, February 13th. Finally, Goldman Sachs Group restated a “buy” rating and issued a GBX 1,945 ($26.87) price objective on shares of Relx in a report on Tuesday, February 13th. 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 stock has an average rating of “Buy” and a consensus target price of GBX 1,704.67 ($23.55).
Relx (REL) traded down GBX 2 ($0.03) during midday trading on Friday, hitting GBX 1,490.50 ($20.59). The company had a trading volume of 2,420,297 shares, compared to its average volume of 5,070,000. The company has a market capitalization of $30,750.00 and a PE ratio of 1,817.68. Relx has a 12 month low of GBX 1,399 ($19.33) and a 12 month high of GBX 1,784 ($24.65).
Relx (LON:REL) last posted its quarterly earnings data on Thursday, February 15th. The company reported GBX 81 ($1.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 80.60 ($1.11) by GBX 0.40 ($0.01). The business had revenue of GBX 735.50 billion for the quarter. Relx had a return on equity of 91.18% and a net margin of 26.78%.
In other news, insider Erik Engstrom sold 49,594 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of GBX 1,491 ($20.60), for a total transaction of £739,446.54 ($1,021,617.21).
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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.
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