Relx (REL) Downgraded by Barclays to Equal weight
Relx (LON:REL) was downgraded by stock analysts at Barclays to an “equal weight” rating in a report released on Monday. They currently have a GBX 1,600 ($22.43) price objective on the stock. Barclays’ price objective points to a potential upside of 8.07% from the stock’s current price.
A number of other analysts have also weighed in on REL. Liberum Capital restated a “buy” rating and issued a GBX 1,750 ($24.54) target price on shares of Relx in a research report on Monday, January 29th. Societe Generale restated a “buy” rating and issued a GBX 1,990 ($27.90) target price on shares of Relx in a research report on Friday, January 26th. Deutsche Bank reiterated a “hold” rating and set a GBX 1,515 ($21.24) price target on shares of Relx in a report on Friday, October 27th. Panmure Gordon reiterated a “hold” rating and set a GBX 1,550 ($21.73) price target on shares of Relx in a report on Friday, October 27th. Finally, Kepler Capital Markets upgraded shares of Relx to a “buy” rating and lifted their price target for the stock from GBX 1,600 ($22.43) to GBX 1,990 ($27.90) in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Relx currently has a consensus rating of “Buy” and a consensus price target of GBX 1,690.87 ($23.71).
Shares of Relx (LON REL) opened at GBX 1,480.50 ($20.76) on Monday. Relx has a 52-week low of GBX 1,449.82 ($20.33) and a 52-week high of GBX 1,784 ($25.01). The firm has a market cap of $31,080.00 and a P/E ratio of 2,350.00.
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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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