Goldman Sachs analyst Katherine Tait maintained a Buy rating on RELX plc (RLXXF – Research Report) today and set a price target of £28.92. The company’s shares closed last Wednesday at $30.65, close to its 52-week high of $32.95.
Tait has an average return of 18.5% when recommending RELX plc.
According to TipRanks.com, Tait is ranked #1601 out of 7923 analysts.
Currently, the analyst consensus on RELX plc is a Moderate Buy with an average price target of $34.56, implying a 12.8% upside from current levels. In a report issued on March 9, Morgan Stanley also reiterated a Buy rating on the stock.
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The company has a one-year high of $32.95 and a one-year low of $1.01. Currently, RELX plc has an average volume of 18.52K.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RLXXF in relation to earlier this year.
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RELX is a FTSE 100 diversified information and analytics company. The firm operates across four main areas: scientific, technical, and medical (34% of 2019 sales); risk and business analytics (29%); legal (21%); and exhibitions (16%). RELX Group has three listings: its primary one in London and two more in New York and Amsterdam.
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