Relx (REL) Given New GBX 1,905 Price Target at J P Morgan Chase & Co
Relx (LON:REL) had its price objective upped by analysts at J P Morgan Chase & Co from GBX 1,753 ($23.59) to GBX 1,905 ($25.64) in a report issued on Thursday. The firm presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 11.41% from the company’s previous close.
Several other research analysts have also commented on the stock. Panmure Gordon restated a “hold” rating and issued a GBX 1,550 ($20.86) price objective on shares of Relx in a report on Friday, October 27th. Kepler Capital Markets upgraded shares of Relx to a “buy” rating and increased their price target for the stock from GBX 1,600 ($21.53) to GBX 1,990 ($26.78) in a research note on Monday, November 20th. Liberum Capital reiterated a “buy” rating and issued a GBX 1,750 ($23.55) price target on shares of Relx in a research note on Friday, November 10th. Barclays reiterated an “overweight” rating and issued a GBX 1,885 ($25.37) price target on shares of Relx in a research note on Friday, October 27th. Finally, Deutsche Bank reiterated a “hold” rating and issued a GBX 1,515 ($20.39) price target on shares of Relx in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 1,688.63 ($22.73).
Shares of Relx (LON REL) traded down GBX 5.08 ($0.07) during midday trading on Thursday, reaching GBX 1,709.92 ($23.01). 2,913,959 shares of the company’s stock traded hands, compared to its average volume of 2,590,000. Relx has a 1-year low of GBX 1,334.78 ($17.96) and a 1-year high of GBX 1,784 ($24.01).
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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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