Shares of Relx Plc (LON:REL) dropped 0.5% on Tuesday . The stock traded as low as GBX 1,721 ($23.16) and last traded at GBX 1,722 ($23.18). Approximately 2,187,826 shares traded hands during trading, a decline of 18% from the average daily volume of 2,680,000 shares. The stock had previously closed at GBX 1,731 ($23.30).

A number of brokerages have recently commented on REL. J P Morgan Chase & Co upped their price target on Relx from GBX 1,690 ($22.75) to GBX 1,753 ($23.59) and gave the company an “overweight” rating in a research note on Monday, September 4th. Kepler Capital Markets raised Relx to a “buy” rating and upped their price target for the company from GBX 1,600 ($21.53) to GBX 1,990 ($26.78) in a research note on Monday, November 20th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 1,550 ($20.86) price target on shares of Relx in a research note on Friday, October 27th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,750 ($23.55) price target on shares of Relx in a research note on Friday, November 10th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 1,885 ($25.37) price target 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 company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,688.63 ($22.73).

In other Relx news, insider Robert MacLeod bought 3,700 shares of the stock in a transaction that occurred 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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About Relx

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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