Relx (REL) Trading Down 1.4% After Analyst Downgrade
Relx PLC (LON:REL)’s share price traded down 1.4% during mid-day trading on Monday after Kepler Capital Markets lowered their price target on the stock from GBX 1,990 to GBX 1,800. Kepler Capital Markets currently has a buy rating on the stock. Relx traded as low as GBX 1,465.50 ($20.25) and last traded at GBX 1,470 ($20.31). 3,889,539 shares were traded during mid-day trading, a decline of 21% from the average session volume of 4,920,000 shares. The stock had previously closed at GBX 1,491 ($20.60).
REL has been the topic of a number of other reports. Liberum Capital reiterated a “buy” rating and issued a GBX 1,750 ($24.18) target price on shares of Relx in a report on Thursday, October 26th. Numis Securities reiterated a “hold” rating and issued a GBX 1,550 ($21.41) target price on shares of Relx in a report on Thursday, February 15th. JPMorgan Chase & Co. increased their target price on Relx from GBX 1,753 ($24.22) to GBX 1,905 ($26.32) and gave the stock an “overweight” rating in a report on Thursday, December 7th. Barclays reiterated an “overweight” rating and issued a GBX 1,885 ($26.04) target price on shares of Relx in a report on Friday, October 27th. Finally, Societe Generale reiterated a “buy” rating and issued a GBX 1,990 ($27.49) target price on shares of Relx in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Relx currently has a consensus rating of “Buy” and a consensus price target of GBX 1,717.14 ($23.72).
The firm has a market cap of $30,850.00 and a P/E ratio of 1,820.73.
The business also recently disclosed a dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Thursday, April 26th will be paid a dividend of GBX 27.70 ($0.38) per share. The ex-dividend date of this dividend is Thursday, April 26th. This is a boost from Relx’s previous dividend of $11.70. This represents a yield of 1.86%.
ILLEGAL ACTIVITY NOTICE: “Relx (REL) Trading Down 1.4% After Analyst Downgrade” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2018/02/21/relx-rel-trading-down-1-4-after-analyst-downgrade.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.
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.