JPMorgan Chase & Co. Reaffirms Overweight Rating for Relx (LON:REL)

JPMorgan Chase & Co. restated their overweight rating on shares of Relx (LON:REL) in a research report report published on Tuesday morning, MarketBeat reports. JPMorgan Chase & Co. currently has a GBX 4,770 ($60.44) target price on the stock.

Relx Trading Down 0.3 %

REL opened at GBX 3,984 ($50.48) on Tuesday. The business has a 50 day simple moving average of GBX 3,852.48 and a two-hundred day simple moving average of GBX 3,688.47. Relx has a one year low of GBX 3,218 ($40.78) and a one year high of GBX 4,205 ($53.28). The firm has a market capitalization of £73.67 billion, a price-to-earnings ratio of 39.77, a PEG 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.

Relx (LON:REL) last issued its quarterly earnings data on Thursday, February 13th. The company reported GBX 120.10 ($1.52) EPS for the quarter. Relx had a net margin of 20.34% and a return on equity of 56.71%. Analysts predict that Relx will post 134.0035675 EPS for the current year.

Insider Transactions at Relx

In related news, insider Erik Engstrom sold 128,798 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of GBX 4,073 ($51.61), for a total value of £5,245,942.54 ($6,647,164.90). Insiders own 0.42% of the company’s stock.

About Relx

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.