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 (LON:REL) last issued its earnings results on Thursday, February 15th. The company reported GBX 81 ($1.12) EPS for the quarter, topping the Zacks’ 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 net margin of 18.64% and a return on equity of 65.60%.

WARNING: This article was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.thecerbatgem.com/2018/02/15/relx-rel-price-target-cut-to-gbx-1785.html.

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)

Receive News & Ratings for Relx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Relx and related companies with MarketBeat.com's FREE daily email newsletter.