Relx PLC (REL) Given Consensus Rating of “Buy” by Brokerages
Relx PLC (LON:REL) has earned a consensus recommendation of “Buy” from the seventeen brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,645.06 ($21.82).
REL has been the subject of several recent analyst reports. J P Morgan Chase & Co lifted their target price on shares of Relx PLC from GBX 1,690 ($22.42) to GBX 1,753 ($23.25) and gave the stock an “overweight” rating in a research note on Monday, September 4th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,750 ($23.21) target price on shares of Relx PLC in a research note on Friday, August 25th. Citigroup Inc. reaffirmed a “neutral” rating on shares of Relx PLC in a research note on Friday, July 14th. Macquarie reaffirmed an “underperform” rating and issued a GBX 1,130 ($14.99) target price on shares of Relx PLC in a research note on Friday, July 28th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,700 ($22.55) target price on shares of Relx PLC in a research note on Thursday, July 20th.
Relx PLC (LON REL) traded up 0.65% during midday trading on Friday, hitting GBX 1691.00. The stock had a trading volume of 1,411,786 shares. The stock has a 50-day moving average price of GBX 1,660.86 and a 200 day moving average price of GBX 1,637.69. Relx PLC has a 12-month low of GBX 1,273.00 and a 12-month high of GBX 1,728.00. The firm’s market cap is GBX 34.08 billion.
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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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