Relx (REL) Cut to “Hold” at Deutsche Bank

Relx (LON:REL) was downgraded by research analysts at Deutsche Bank to a “hold” rating in a research note issued on Wednesday. They presently have a GBX 1,750 ($22.87) target price on the stock, down from their prior target price of GBX 1,785 ($23.32). Deutsche Bank’s price objective points to a potential upside of 2.07% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. UBS Group restated a “sell” rating and issued a GBX 1,550 ($20.25) price objective on shares of Relx in a report on Thursday, October 25th. Societe Generale restated a “buy” rating and issued a GBX 1,840 ($24.04) price objective on shares of Relx in a report on Friday, January 25th. Barclays raised their price objective on shares of Relx from GBX 1,740 ($22.74) to GBX 1,755 ($22.93) and gave the company an “overweight” rating in a report on Friday, October 26th. Goldman Sachs Group raised their price objective on shares of Relx from GBX 2,006 ($26.21) to GBX 2,167 ($28.32) and gave the company a “buy” rating in a report on Monday, January 14th. Finally, Credit Suisse Group raised their price objective on shares of Relx from GBX 1,840 ($24.04) to GBX 1,940 ($25.35) and gave the company an “outperform” rating in a report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 1,777.08 ($23.22).

Relx stock opened at GBX 1,714.50 ($22.40) on Wednesday. Relx has a 52-week low of GBX 1,399 ($18.28) and a 52-week high of GBX 1,784 ($23.31).

About Relx

RELX PLC provides information and analytics for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals.

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