Relx PLC (REL) Receives Average Rating of “Buy” from Brokerages
Relx PLC (LON:REL) has been assigned an average recommendation of “Buy” from the seventeen ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 1,647.56 ($21.74).
Several equities analysts have commented on REL shares. J P Morgan Chase & Co raised their target price on shares of Relx PLC from GBX 1,690 ($22.30) to GBX 1,753 ($23.13) and gave the company an “overweight” rating in a report on Monday, September 4th. Barclays PLC raised their target price on shares of Relx PLC from GBX 1,660 ($21.91) to GBX 1,845 ($24.35) and gave the company an “overweight” rating in a report on Friday, July 7th. Liberum Capital reissued a “buy” rating and issued a GBX 1,750 ($23.09) target price on shares of Relx PLC in a report on Thursday, July 27th. Macquarie reissued an “underperform” rating and issued a GBX 1,130 ($14.91) target price on shares of Relx PLC in a report on Friday, July 28th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,700 ($22.43) price target on shares of Relx PLC in a report on Thursday, July 20th.
About Relx PLC
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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