Relx (REL) Releases Quarterly Earnings Results

Relx (LON:REL) announced its earnings results on Thursday. The company reported GBX 81 ($1.12) earnings per share for the quarter, beating the consensus estimate of GBX 80.60 ($1.11) by GBX 0.40 ($0.01), Bloomberg Earnings reports. Relx had a return on equity of 65.60% and a net margin of 18.64%. The company had revenue of £735.50 billion for the quarter.

Shares of Relx (REL) opened at GBX 1,457.50 ($20.14) on Thursday. The firm has a market capitalization of $30,290.00 and a P/E ratio of 2,313.49. Relx has a 12 month low of GBX 1,399 ($19.33) and a 12 month high of GBX 1,784 ($24.65).

Several research analysts have weighed in on REL shares. Liberum Capital reiterated a “buy” rating and issued a GBX 1,750 ($24.18) target price on shares of Relx in a research note on Monday, January 15th. Kepler Capital Markets upgraded Relx to a “buy” rating and lifted their target price for the company from GBX 1,600 ($22.11) to GBX 1,990 ($27.49) in a research note on Monday, November 20th. Deutsche Bank lifted their price target on Relx from GBX 1,515 ($20.93) to GBX 1,630 ($22.52) and gave the company a “hold” rating in a research note on Monday, December 4th. Goldman Sachs Group restated a “buy” rating on shares of Relx in a research note on Tuesday. Finally, Societe Generale restated a “buy” rating and issued a GBX 1,990 ($27.49) price target on shares of Relx in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 1,696.44 ($23.44).

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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.

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