Relx (LON:REL) had its price target trimmed by Barclays from GBX 2,275 ($29.93) to GBX 1,860 ($24.47) in a report published on Monday, Stock Target Advisor reports. The firm currently has an overweight rating on the stock.
Several other brokerages have also commented on REL. Citigroup upgraded shares of Relx to a buy rating in a report on Tuesday, January 21st. Deutsche Bank restated a hold rating on shares of Relx in a report on Friday, February 14th. HSBC restated a buy rating on shares of Relx in a report on Monday, January 13th. JPMorgan Chase & Co. decreased their price objective on shares of Relx from GBX 2,250 ($29.60) to GBX 2,060 ($27.10) and set an overweight rating for the company in a report on Friday, March 20th. Finally, Morgan Stanley upped their price objective on shares of Relx from GBX 1,830 ($24.07) to GBX 2,250 ($29.60) and gave the stock an equal weight rating in a report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of GBX 2,005.80 ($26.39).
LON:REL opened at GBX 1,729.60 ($22.75) on Monday. The company has a fifty day moving average of GBX 1,852.38 and a 200 day moving average of GBX 1,879.60. Relx has a 52 week low of GBX 1,382.86 ($18.19) and a 52 week high of GBX 2,109 ($27.74). The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 293.11. The firm has a market capitalization of $34.21 billion and a P/E ratio of 22.49.
The business also recently disclosed a dividend, which will be paid on Thursday, May 28th. Shareholders of record on Friday, April 24th will be issued a GBX 32.10 ($0.42) dividend. The ex-dividend date of this dividend is Friday, April 24th. This is a positive change from Relx’s previous dividend of $13.60. This represents a yield of 1.55%. Relx’s dividend payout ratio is 0.60%.
In other news, insider Erik Engstrom sold 32,368 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of GBX 2,073 ($27.27), for a total value of £670,988.64 ($882,647.51).
Relx Company Profile
RELX PLC provides information based-analytics and decision tools for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals that enables progress in science, advance healthcare, and performance improvement.
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