Relx (REL) Price Target Cut to GBX 1,785
Relx (LON:REL) had its price objective reduced by research analysts at JPMorgan Chase & Co. from GBX 1,883 ($26.02) to GBX 1,785 ($24.66) in a research report issued to clients and investors on Tuesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 23.96% from the company’s current price.
A number of other brokerages also recently commented on REL. Barclays dropped their target price on shares of Relx from GBX 1,885 ($26.04) to GBX 1,820 ($25.15) and set an “overweight” rating on the stock in a research note on Monday, January 29th. Deutsche Bank restated a “hold” rating and issued a GBX 1,515 ($20.93) target price on shares of Relx in a research note on Friday, October 27th. Investec restated a “buy” rating and issued a GBX 1,900 ($26.25) target price on shares of Relx in a research note on Monday. Liberum Capital restated a “buy” rating and issued a GBX 1,750 ($24.18) target price on shares of Relx in a research note on Monday, January 15th. Finally, Kepler Capital Markets upgraded shares of Relx to a “buy” rating and upped their target price for the stock from GBX 1,600 ($22.11) to GBX 1,990 ($27.49) in a research note on Monday, November 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of GBX 1,696.44 ($23.44).
Relx (REL) opened at GBX 1,440 ($19.89) on Tuesday. The company has a market cap of $30,420.00 and a PE ratio of 2,285.71. Relx has a one year low of GBX 1,455 ($20.10) and a one year high of GBX 1,784 ($24.65).
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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