Relx (LON:REL) Earns "Overweight" Rating from Royal Bank Of Canada

Key Points

• Relx received an "overweight" rating from Royal Bank of Canada, which indicates positive sentiment from analysts regarding its stock performance.
• Deutsche Bank and JPMorgan Chase also increased their price targets for Relx, with current consensus having a target price of approximately GBX 4,520.67.
• Relx reported earnings of GBX 63.50 per share for the last quarter, demonstrating solid financial performance with a net margin of 20.34%.

Relx (LON:REL - Get Free Report)'s stock had its "overweight" rating reissued by analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday, Marketbeat Ratings reports.

A number of other analysts have also issued reports on REL. Deutsche Bank Aktiengesellschaft increased their price target on shares of Relx from GBX 3,909 to GBX 4,072 and gave the stock a "hold" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. increased their price target on shares of Relx from GBX 4,890 to GBX 4,920 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, UBS Group reissued a "buy" rating and issued a GBX 4,570 price target on shares of Relx in a research report on Friday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Relx presently has a consensus rating of "Moderate Buy" and an average target price of GBX 4,520.67.

Relx Price Performance

LON REL opened at GBX 3,471 on Tuesday. The stock's 50-day moving average price is GBX 3,467.81 and its two-hundred day moving average price is GBX 3,767.07. The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 216.69. The company has a market cap of £63.23 billion, a PE ratio of 33.57, a PEG ratio of 2.69 and a beta of 0.48. Relx has a 1 year low of GBX 2,968 and a 1 year high of GBX 4,205.

Relx (LON:REL - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported GBX 63.50 earnings per share (EPS) for the quarter. Relx had a return on equity of 56.71% and a net margin of 20.34%. On average, analysts predict that Relx will post 134.0035675 EPS for the current 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.

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