Relx PLC (REL) Price Target Increased to GBX 1,600 by Analysts at Kepler Capital Markets
Relx PLC (LON:REL) had its price target hoisted by Kepler Capital Markets from GBX 1,475 ($18.22) to GBX 1,600 ($19.76) in a research report report published on Friday morning. Kepler Capital Markets currently has a hold rating on the stock.
A number of other equities research analysts have also commented on the company. BNP Paribas reissued an outperform rating on shares of Relx PLC in a research report on Monday, January 16th. Investec reissued a buy rating and issued a GBX 1,600 ($19.76) price target on shares of Relx PLC in a research report on Thursday, January 5th. Credit Suisse Group AG reissued an outperform rating and issued a GBX 1,600 ($19.76) price target (up from GBX 1,370 ($16.92)) on shares of Relx PLC in a research report on Tuesday, November 22nd. Deutsche Bank AG increased their price target on Relx PLC from GBX 1,430 ($17.66) to GBX 1,515 ($18.71) and gave the company a hold rating in a research report on Friday, February 24th. Finally, Goldman Sachs Group Inc increased their price target on Relx PLC from GBX 1,622 ($20.03) to GBX 1,632 ($20.16) and gave the company a neutral rating in a research report on Friday, February 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of GBX 1,590.47 ($19.64).
Relx PLC (LON:REL) traded up 0.26% during midday trading on Friday, hitting GBX 1540.00. The stock had a trading volume of 2,192,223 shares. Relx PLC has a 52 week low of GBX 631.02 and a 52 week high of GBX 1,547.00. The company has a 50-day moving average price of GBX 1,486.51 and a 200-day moving average price of GBX 1,437.58. The stock’s market cap is GBX 31.46 billion.
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The firm also recently disclosed a dividend, which will be paid on Monday, May 22nd. Shareholders of record on Thursday, April 27th will be paid a GBX 25.70 ($0.32) dividend. This represents a yield of 1.74%. The ex-dividend date is Thursday, April 27th. This is an increase from Relx PLC’s previous dividend of $10.25.
In other news, insider Erik Engstrom sold 32,000 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of GBX 1,496 ($18.48), for a total transaction of £478,720 ($591,231.32). Also, insider N L. Luff sold 15,080 shares of the stock in a transaction on Friday, February 24th. The stock was sold at an average price of GBX 1,494 ($18.45), for a total value of £225,295.20 ($278,245.28). Insiders sold a total of 225,879 shares of company stock valued at $339,315,216 in the last 90 days.
About Relx PLC
RELX PLC is a United Kingdom-based company holding shares in RELX Group plc. RELX Group plc is a global provider of information and analytics for professional and business customers across industries. RELX Group plc serves customers in more than 180 countries. The Company operates in four market segments.
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