Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Relx (LON:REL) Stock

Key Points

• Deutsche Bank Aktiengesellschaft raised its price target for Relx stock from GBX 3,909 to GBX 4,072, indicating a potential upside of 4.06% based on the company's previous close.
• JPMorgan Chase & Co. also increased its target price for Relx from GBX 4,890 to GBX 4,920, maintaining an "overweight" rating on the stock.
• Relx reported earnings of GBX 63.50 per share for the last quarter, showcasing a strong return on equity of 56.71% and a net margin of 20.34%.

Relx (LON:REL - Get Free Report) had its price objective lifted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 3,909 ($51.83) to GBX 4,072 ($53.99) in a report released on Friday, MarketBeat.com reports. The brokerage presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 3.04% from the company's previous close.

Separately, JPMorgan Chase & Co. boosted their target price on Relx from GBX 4,890 ($64.84) to GBX 4,920 ($65.23) and gave the stock an "overweight" rating in a research report on Friday, July 25th.

Relx Price Performance

LON REL traded up GBX 44.76 ($0.59) during trading on Friday, reaching GBX 3,951.76 ($52.40). The company's stock had a trading volume of 2,466,787 shares, compared to its average volume of 11,311,472. The firm has a fifty day moving average of GBX 3,952.96 and a 200 day moving average of GBX 3,925.71. Relx has a one year low of GBX 2,968 ($39.35) and a one year high of GBX 4,205 ($55.75). The stock has a market capitalization of £73.08 billion, a PE ratio of 39.45, a P/E/G ratio of 2.69 and a beta of 0.48. The company has a debt-to-equity ratio of 216.69, a current ratio of 0.48 and a quick ratio of 0.45.

Relx (LON:REL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported GBX 63.50 ($0.84) EPS for the quarter. Relx had a net margin of 20.34% and a return on equity of 56.71%. Analysts expect that Relx will post 134.0035675 EPS for the current fiscal year.

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.