Trading Report: The Relx PLC (REL) Rating Reiterate by Panmure Gordon

The Relx PLC (REL) Rating Reiterate by Panmure Gordon

Relx PLC (LON:REL)‘s stock had its “hold” rating restated by investment analysts at Panmure Gordon in a research report issued to clients and investors on Thursday. They presently have a GBX 1,550 ($18.89) price target on the stock. Panmure Gordon’s price objective would suggest a potential upside of 5.30% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Liberum Capital restated a “buy” rating and issued a GBX 1,215 ($14.81) price objective on shares of Relx PLC in a research report on Thursday. BNP Paribas reiterated an “outperform” rating and set a GBX 1,650 ($20.11) price target on shares of Relx PLC in a research report on Thursday, October 20th. Barclays PLC increased their price target on shares of Relx PLC from GBX 1,595 ($19.44) to GBX 1,635 ($19.93) and gave the company an “overweight” rating in a research report on Monday, October 3rd. Berenberg Bank reiterated a “buy” rating and set a GBX 1,600 ($19.50) price target (up from GBX 1,475 ($17.98)) on shares of Relx PLC in a research report on Wednesday, September 14th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,575 ($19.20) price target (up from GBX 1,335 ($16.27)) on shares of Relx PLC in a research report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. Relx PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 1,419 ($17.29).

Relx PLC (LON:REL) opened at 1465.709 on Thursday. Relx PLC has a 52-week low of GBX 631.02 and a 52-week high of GBX 1,514.00. The firm’s market cap is GBX 30.13 billion. The company’s 50 day moving average is GBX 1,453.59 and its 200-day moving average is GBX 1,362.90.

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