Relx (LON:REL) Cut to Neutral at The Goldman Sachs Group

Relx (LON:REL – Get Rating) was downgraded by equities research analysts at The Goldman Sachs Group to a “neutral” rating in a research report issued on Thursday, Marketbeat.com reports. They currently have a GBX 2,863 ($34.94) price objective on the stock. The Goldman Sachs Group’s target price points to a potential upside of 21.31% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Berenberg Bank reissued a “hold” rating and set a GBX 2,330 ($28.43) price objective on shares of Relx in a research report on Friday, October 21st. Barclays reissued an “overweight” rating and set a GBX 2,785 ($33.98) price objective on shares of Relx in a research report on Thursday, November 10th. Deutsche Bank Aktiengesellschaft cut their price target on Relx from GBX 2,200 ($26.85) to GBX 2,000 ($24.41) and set a “hold” rating for the company in a report on Wednesday, October 5th. JPMorgan Chase & Co. set a GBX 2,730 ($33.31) price target on Relx in a report on Monday, January 9th. Finally, UBS Group set a GBX 2,650 ($32.34) price target on Relx in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,594 ($31.65).

Relx Price Performance

LON REL opened at GBX 2,360 ($28.80) on Thursday. Relx has a twelve month low of GBX 2,056 ($25.09) and a twelve month high of GBX 2,474 ($30.19). The company has a debt-to-equity ratio of 189.53, a quick ratio of 0.45 and a current ratio of 0.51. The stock has a market capitalization of £45.19 billion and a PE ratio of 2,913.58. The stock has a 50-day simple moving average of GBX 2,322.96 and a 200 day simple moving average of GBX 2,305.25.

Relx Company Profile

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RELX PLC provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.