Relx PLC (LON:REL) had its price target lifted by investment analysts at Kepler Capital Markets from GBX 1,475 ($18.22) to GBX 1,600 ($19.76) in a research report issued on Friday. The brokerage presently has a “hold” rating on the stock. Kepler Capital Markets’ price target suggests a potential upside of 3.90% from the company’s previous close.
A number of other brokerages also recently weighed in on REL. Macquarie reiterated an “underperform” rating and issued a GBX 1,130 ($13.96) target price on shares of Relx PLC in a report on Friday, February 24th. Societe Generale reiterated a “buy” rating and issued a GBX 1,760 ($21.74) target price on shares of Relx PLC in a report on Friday, February 24th. BNP Paribas reiterated an “outperform” rating and issued a GBX 1,750 ($21.61) target price on shares of Relx PLC in a report on Tuesday, February 21st. Goldman Sachs Group Inc lifted their target price on Relx PLC from GBX 1,506 ($18.60) to GBX 1,622 ($20.03) and gave the stock a “neutral” rating in a report on Friday, January 13th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a GBX 1,430 ($17.66) target price on shares of Relx PLC in a report on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 1,590.47 ($19.64).
The company 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 a boost from Relx PLC’s previous dividend of $10.25.
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In related news, insider N L. Luff sold 15,080 shares of Relx PLC stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of GBX 1,494 ($18.45), for a total transaction of £225,295.20 ($278,245.28). Also, insider Erik Engstrom sold 178,799 shares of Relx PLC stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of GBX 1,504 ($18.57), for a total value of £2,689,136.96 ($3,321,152.23). Insiders sold 225,879 shares of company stock valued at $339,315,216 in the last three months.
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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