Relx PLC (LON:REL) had its price objective upped by equities research analysts at Kepler Capital Markets from GBX 1,475 ($18.22) to GBX 1,600 ($19.76) in a report released on Friday. The firm currently has a “hold” rating on the stock. Kepler Capital Markets’ target price would indicate a potential upside of 3.90% from the stock’s current price.
A number of other analysts have also weighed in on the company. BNP Paribas restated an “outperform” rating on shares of Relx PLC in a research note on Monday, January 16th. Investec restated a “buy” rating and issued a GBX 1,600 ($19.76) target price on shares of Relx PLC in a research note on Thursday, January 5th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 1,600 ($19.76) target price (up from GBX 1,370 ($16.92)) on shares of Relx PLC in a research note on Tuesday, November 22nd. Deutsche Bank AG raised their target price on Relx PLC from GBX 1,430 ($17.66) to GBX 1,515 ($18.71) and gave the company a “hold” rating in a research note on Friday, February 24th. Finally, Goldman Sachs Group Inc raised their target price on Relx PLC from GBX 1,622 ($20.03) to GBX 1,632 ($20.16) and gave the company a “neutral” rating in a research note on Friday, February 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. Relx PLC presently has a consensus rating of “Buy” and an average price target of GBX 1,590.47 ($19.64).
Shares of Relx PLC (LON:REL) opened at 1540.00 on Friday. The firm has a 50-day moving average price of GBX 1,492.53 and a 200-day moving average price of GBX 1,438.13. Relx PLC has a 52 week low of GBX 631.02 and a 52 week high of GBX 1,547.00. The stock’s market cap is GBX 31.46 billion.
The business also recently announced a dividend, which will be paid on Monday, May 22nd. Stockholders of record on Thursday, April 27th will be given a dividend of GBX 25.70 ($0.32) per share. This is a positive change from Relx PLC’s previous dividend of $10.25. This represents a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, April 27th.
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In other news, insider N L. Luff sold 15,080 shares of the business’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of GBX 1,494 ($18.45), for a total transaction of £225,295.20 ($278,245.28). Also, insider Erik Engstrom sold 178,799 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of GBX 1,504 ($18.57), for a total value of £2,689,136.96 ($3,321,152.23). Insiders have sold a total of 225,879 shares of company stock valued at $339,315,216 over the last 90 days.
About Relx PLC
RELX PLC is a United Kingdom-based company holding shares in RELX Group plc. RELX Group plc is a global provider of information and analytics for professional and business customers across industries. RELX Group plc serves customers in more than 180 countries. The Company operates in four market segments.
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