Relx PLC (REL) Reaches New 1-Year High at $1,756.00
Relx PLC (LON:REL) shares reached a new 52-week high during trading on Friday . The stock traded as high as GBX 1,756 ($23.10) and last traded at GBX 1,745 ($22.95), with a volume of 2364335 shares changing hands. The stock had previously closed at GBX 1,748 ($22.99).
REL has been the topic of several research reports. J P Morgan Chase & Co raised their price target on shares of Relx PLC from GBX 1,690 ($22.23) to GBX 1,753 ($23.06) and gave the company an “overweight” rating in a report on Monday, September 4th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,750 ($23.02) price objective on shares of Relx PLC in a research report on Friday, August 25th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 1,515 ($19.93) price objective on shares of Relx PLC in a research report on Friday, October 27th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,885 ($24.79) price objective on shares of Relx PLC in a research report on Friday, October 27th. Finally, Macquarie reaffirmed an “underperform” rating and issued a GBX 1,130 ($14.86) price objective on shares of Relx PLC in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Relx PLC presently has a consensus rating of “Buy” and an average target price of GBX 1,647.56 ($21.67).
In other news, insider Robert MacLeod bought 3,700 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average price of GBX 1,725 ($22.69) per share, with a total value of £63,825 ($83,947.13).
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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