Relx (LON:REL) Receives Overweight Rating from JPMorgan Chase & Co.

Relx (LON:REL)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 5,070 price objective on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 64.99% from the company’s current price.

REL has been the subject of a number of other reports. Royal Bank Of Canada reissued an “overweight” rating on shares of Relx in a research report on Tuesday, October 21st. Citigroup initiated coverage on shares of Relx in a research report on Monday. They issued a “neutral” rating and a GBX 3,178 target price for the company. Finally, UBS Group restated a “buy” rating and set a GBX 4,570 price target on shares of Relx in a report on Friday, October 17th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 4,222.50.

Relx Stock Down 1.6%

Relx stock traded down GBX 50 during mid-day trading on Friday, hitting GBX 3,073. The company’s stock had a trading volume of 705,406,813 shares, compared to its average volume of 92,844,109. Relx has a 52-week low of GBX 2,968 and a 52-week high of GBX 4,205. The company has a market cap of £55.89 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 2.69 and a beta of 0.48. The company has a debt-to-equity ratio of 216.69, a current ratio of 0.48 and a quick ratio of 0.45. The firm’s 50 day moving average is GBX 3,065.59 and its 200 day moving average is GBX 3,415.06.

Relx Company Profile

RELX is a global provider of information-based analytics and decision tools for professional and business customers. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs over 33,000 people, of whom almost half are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.