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Pin to quick picksRelx Share News (REL)

Share Price Information for Relx (REL)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 3,455.00
Bid: 3,453.00
Ask: 3,455.00
Change: 28.00 (0.82%)
Spread: 2.00 (0.058%)
Open: 3,430.00
High: 3,455.00
Low: 3,414.00
Prev. Close: 3,427.00
REL Live PriceLast checked at -

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Berenberg cuts target price on Relx

Wed, 29th Jul 2020 11:19

(Sharecast News) - Analysts at Berenberg lowered their target price on 'hold' rated publisher Relx from 2,080.0p to 1,800.0p on Wednesday, stating they were still "on the fence" about the group.
Following "slightly disappointing results" at the group level, primarily due to larger-than-expected losses in the company's exhibitions division, Berenberg opted to "remain on the sidelines" when it came to Relx.

While the German bank acknowledged that the blue-chip stock was "clearly not as affected by Covid-19 as peer Informa", it highlighted that neither was it "as resilient as Wolters Kluwer".

"Valuation is not yet sufficiently compelling to prompt a change in rating, although we continue to see Relx as a quality stock that has strong appeal in a broad portfolio," said Berenberg.

Berenberg said its price target reduction reflected lower medium-term estimates, which were affected by currency changes, as well as more cautious operating estimates, plus a slightly higher level of net debt.

"With 56% of 2019 revenues in North America, Relx is obviously heavily geared towards the US dollar, and the move since late March is now factored into our estimates as well," said the analysts.

"This explains more than half of the downgrades to our numbers in 2021 and 2022. The balance reflects the slightly more cautious pace of recovery that we now assume across the group, particularly in the exhibitions business."
More News
1 Mar 2024 15:06

London close: Stocks start the month with positive close

(Sharecast News) - London's financial markets finished in positive territory on Friday, with investor sentiment buoyed by the recent easing of inflation in the United States, as market participants mulled the latest manufacturing data from the UK.

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1 Mar 2024 09:53

Berenberg downgrades Relx after share price outperformance

(Sharecast News) - Berenberg downgraded Relx to 'hold' from 'buy' on Friday following the recent share price outperformance.

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1 Mar 2024 09:14

LONDON BROKER RATINGS: Numis cuts St James's Place to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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1 Mar 2024 07:41

LONDON BRIEFING: Rightmove and IMI post higher revenue and profit

(Alliance News) - Stock prices are called to open higher on Friday, ahead of a slew of manufacturing data.

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16 Feb 2024 09:51

LONDON BROKER RATINGS: Barclays starts Dowlais at 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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15 Feb 2024 14:55

London close: Stocks manage gains despite UK recession news

(Sharecast News) - London markets had a mixed but ultimately positive day of trading on Thursday, despite news that the UK fell into a technical recession at the end of 2023.

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15 Feb 2024 13:42

UPDATE: Relx starts GBP250 million of GBP1 billion share buyback

(Alliance News) - Relx PLC on Thursday said it started a part of the GBP1.00 billion share buyback programme that it had announced earlier in the day.

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15 Feb 2024 08:19

TOP NEWS: Relx plans GBP1 billion in share buybacks as profit climbs

(Alliance News) - Relx PLC on Thursday said it will fork out GBP1.00 billion for share buybacks this year, adding to GBP800 million last year, on the back of "strong" earnings growth in 2023.

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15 Feb 2024 07:56

LONDON BRIEFING: Relx optimistic; BHP to book USD6 billion hit

(Alliance News) - Equity prices in London are called to open higher on Thursday, overlooking a poor reading of the UK economy and clinging onto Bank of England interest rate optimism following Wednesday's softer-than-expected inflation reading.

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15 Feb 2024 07:22

Relx hikes dividend after robust full-year performance

(Sharecast News) - Business information and analytics firm Relx reported a robust full-year performance in its results on Thursday, with revenue rising an underlying 8% to £9.16bn.

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8 Feb 2024 16:00

UK earnings, trading statements calendar - next 7 days

Friday 9 February 
Bellway PLCTrading Statement
S&U PLCTrading Statement
Victrex PLCTrading Statement
Monday 12 February 
no events scheduled 
Tuesday 13 February 
Tui AGQ1 Results
Wednesday 14 February 
Coca-Cola HBC AGFull Year Results
Dunelm PLCHalf Year Results
Pan African Resources PLCHalf Year Results
Severn Trent PLCTrading Statement
United Utilities Group PLCTrading Statement
Thursday 15 February 
Benchmark Holdings PLCQ1 Results
Centrica PLCFull Year Results
MJ Gleeson PLCHalf Year Results
Relx PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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29 Jan 2024 09:12

LONDON BROKER RATINGS: Berenberg raises IMI; Exane BNP cuts Schroders

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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19 Jan 2024 09:28

LONDON BROKER RATINGS: BofA cuts Pearson, raises Just Eat Takeaway

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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8 Jan 2024 09:24

LONDON BROKER RATINGS: Barclays cuts Berkley and Barratt, ups Bellway

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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