Relx PLC (REL) Given “Hold” Rating at Deutsche Bank AG

Relx PLC (LON:REL)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank AG in a research report issued to clients and investors on Friday. They presently have a GBX 1,515 ($19.74) price target on the stock. Deutsche Bank AG’s target price would suggest a potential downside of 8.24% from the stock’s previous close.

Several other research firms have also commented on REL. Numis Securities Ltd restated a “hold” rating and issued a GBX 1,550 ($20.19) price objective on shares of Relx PLC in a research note on Thursday. Liberum Capital restated a “buy” rating and issued a GBX 1,750 ($22.80) price objective on shares of Relx PLC in a research note on Thursday. Credit Suisse Group upped their price objective on Relx PLC from GBX 1,675 ($21.82) to GBX 1,800 ($23.45) and gave the stock an “outperform” rating in a research note on Friday, June 23rd. Macquarie restated an “underperform” rating and issued a GBX 1,130 ($14.72) price objective on shares of Relx PLC in a research note on Friday. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,700 ($22.15) price objective on shares of Relx PLC in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Relx PLC presently has a consensus rating of “Buy” and an average price target of GBX 1,630.76 ($21.24).

Relx PLC (LON REL) opened at 1651.00 on Friday. The stock has a 50 day moving average price of GBX 1,663.41 and a 200-day moving average price of GBX 1,573.10. Relx PLC has a 12-month low of GBX 1,273.00 and a 12-month high of GBX 1,728.00. The company’s market capitalization is GBX 33.72 billion.

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About Relx PLC

RELX PLC is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.