Relx PLC (REL) Receives Average Rating of “Buy” from Brokerages

Shares of Relx PLC (LON:REL) have received a consensus recommendation of “Buy” from the sixteen brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 1,694.53 ($22.98).

A number of research firms have commented on REL. Kepler Capital Markets raised shares of Relx to a “buy” rating and boosted their price target for the stock from GBX 1,600 ($21.70) to GBX 1,990 ($26.99) in a research note on Monday, November 20th. Deutsche Bank boosted their price target on shares of Relx from GBX 1,515 ($20.55) to GBX 1,630 ($22.10) and gave the stock a “hold” rating in a research note on Monday, December 4th. Barclays reissued an “overweight” rating and issued a GBX 1,885 ($25.56) price target on shares of Relx in a research note on Friday, October 27th. Liberum Capital reissued a “buy” rating and issued a GBX 1,750 ($23.73) price target on shares of Relx in a research note on Tuesday, December 19th. Finally, Panmure Gordon reissued a “hold” rating and issued a GBX 1,550 ($21.02) price target on shares of Relx in a research note on Friday, October 27th.

Relx (LON:REL) opened at GBX 1,647 ($22.34) on Tuesday. The company has a market cap of $34,130.00 and a P/E ratio of 5,312.90. Relx has a 12 month low of GBX 1,397 ($18.94) and a 12 month high of GBX 1,784 ($24.19).

In other Relx news, insider Robert MacLeod acquired 3,700 shares of the stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of GBX 1,725 ($23.39) per share, for a total transaction of £63,825 ($86,554.11).

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About Relx

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)

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