Citigroup Has Lowered Expectations for Relx (LON:REL) Stock Price

Key Points

• Citigroup cut its target price from GBX 3,325 to GBX 2,870 but kept a "buy" rating, implying about 13.8% upside; by contrast JPMorgan reiterates an GBX 5,070 target and the consensus target is ~GBX 4,145.50 (Analysts: Moderate Buy).
• REL opened at GBX 2,522 (down ~0.8%) with a market cap of £45.1bn and PE of 22.52, and saw notable insider selling—executives sold 173,673 shares on Feb 13 totaling ~£3.92m—while insiders hold 0.18% of the stock.

Relx (LON:REL - Get Free Report) had its target price cut by analysts at Citigroup from GBX 3,325 to GBX 2,870 in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price objective would indicate a potential upside of 13.80% from the stock's current price.

Separately, JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 5,070 price target on shares of Relx in a research note on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 4,145.50.

Relx Trading Down 0.8%

REL stock opened at GBX 2,522 on Thursday. The company has a market capitalization of £45.10 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 2.69 and a beta of 0.23. Relx has a one year low of GBX 1,991 and a one year high of GBX 4,183. The company's 50 day moving average price is GBX 2,429.64 and its two-hundred day moving average price is GBX 2,920.78. The company has a debt-to-equity ratio of 309.97, a quick ratio of 0.45 and a current ratio of 0.49.

Relx (LON:REL - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported GBX 128.50 EPS for the quarter. Relx had a net margin of 21.53% and a return on equity of 90.85%. As a group, analysts predict that Relx will post 134.0035675 earnings per share for the current fiscal year.

Insider Activity at Relx

In other Relx news, insider N L. Luff sold 61,662 shares of Relx stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of GBX 2,257, for a total transaction of £1,391,711.34. Also, insider Erik Engstrom sold 112,011 shares of Relx stock in a transaction on Friday, February 13th. The stock was sold at an average price of GBX 2,257, for a total transaction of £2,528,088.27. Company insiders own 0.18% of the company's stock.

Relx Company Profile

RELX is a global provider of information-based analytics and decision tools for professional and business customers. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs over 33,000 people, of whom almost half are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.

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