Relx (LON:REL) Given New GBX 1,800 Price Target at Berenberg Bank

Relx (LON:REL) had its price objective trimmed by Berenberg Bank from GBX 2,080 ($25.60) to GBX 1,800 ($22.15) in a research note released on Wednesday, Borsen Zeitung reports. The brokerage currently has a hold rating on the stock.

A number of other research firms also recently weighed in on REL. Kepler Capital Markets reaffirmed a neutral rating and issued a GBX 1,915 ($23.57) price target on shares of Relx in a research note on Tuesday, May 5th. BNP Paribas downgraded shares of Relx to an underperform rating and lowered their target price for the stock from GBX 1,900 ($23.38) to GBX 1,650 ($20.31) in a research report on Tuesday, June 30th. Citigroup reissued a buy rating on shares of Relx in a research report on Thursday, July 16th. Credit Suisse Group reissued an outperform rating on shares of Relx in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. set a GBX 2,000 ($24.61) target price on shares of Relx and gave the stock a buy rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 1,911.67 ($23.53).

LON REL opened at GBX 1,615 ($19.87) on Wednesday. Relx has a 1-year low of GBX 18.51 ($0.23) and a 1-year high of GBX 2,109 ($25.95). The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 293.11. The company has a market capitalization of $31.19 billion and a PE ratio of 21.00. The firm’s fifty day simple moving average is GBX 1,825.13 and its 200-day simple moving average is GBX 1,852.22.

Relx (LON:REL) last posted its quarterly earnings results on Thursday, July 23rd. The company reported GBX 37 ($0.46) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 36.60 ($0.45) by GBX 0.40 ($0.00). As a group, analysts predict that Relx will post 101.6977267 EPS for the current year.

The company also recently declared a dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, July 30th will be issued a dividend of GBX 13.60 ($0.17) per share. This represents a yield of 0.8%. The ex-dividend date of this dividend is Thursday, July 30th. Relx’s dividend payout ratio (DPR) is 59.82%.

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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Analyst Recommendations for Relx (LON:REL)

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