Relx (REL) Shares Up 1.2%
Relx Plc (LON:REL) shares shot up 1.2% during trading on Wednesday . The company traded as high as GBX 1,737 ($23.38) and last traded at GBX 1,735 ($23.35). 2,419,694 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 2,600,000 shares. The stock had previously closed at GBX 1,715 ($23.08).
A number of research firms have recently commented on REL. Liberum Capital restated a “buy” rating and issued a GBX 1,750 ($23.55) price target on shares of Relx in a report on Thursday, December 7th. J P Morgan Chase & Co upped their price objective on shares of Relx from GBX 1,753 ($23.59) to GBX 1,905 ($25.64) and gave the stock an “overweight” rating in a research note on Thursday, December 7th. Deutsche Bank upped their price objective on shares of Relx from GBX 1,515 ($20.39) to GBX 1,630 ($21.94) and gave the stock a “hold” rating in a research note on Monday, December 4th. Barclays reaffirmed an “overweight” rating and issued a GBX 1,885 ($25.37) price objective on shares of Relx in a research note on Friday, October 27th. Finally, Panmure Gordon reaffirmed a “hold” rating and issued a GBX 1,550 ($20.86) price objective on shares of Relx in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. Relx currently has a consensus rating of “Buy” and an average price target of GBX 1,688.63 ($22.73).
In other news, insider Robert MacLeod purchased 3,700 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was acquired at an average cost of GBX 1,725 ($23.22) per share, with a total value of £63,825 ($85,901.75).
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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.
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