Relx (LON:REL) Given “Overweight” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Relx (LON:REL) in a research report released on Tuesday morning, Marketbeat reports. JPMorgan Chase & Co. currently has a GBX 4,770 ($60.17) target price on the stock.

Relx Stock Performance

REL stock opened at GBX 4,029 ($50.83) on Tuesday. The stock has a 50-day moving average price of GBX 3,839.36 and a 200-day moving average price of GBX 3,682.41. Relx has a 1-year low of GBX 3,218 ($40.60) and a 1-year high of GBX 4,205 ($53.05). The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 216.69. The firm has a market cap of £74.51 billion, a PE ratio of 40.22, a price-to-earnings-growth ratio of 2.69 and a beta of 0.48.

Relx (LON:REL) last posted its quarterly earnings data on Thursday, February 13th. The company reported GBX 120.10 ($1.52) earnings per share for the quarter. Relx had a return on equity of 56.71% and a net margin of 20.34%. As a group, equities research analysts expect that Relx will post 134.0035675 earnings per share for the current year.

Insider Activity at Relx

In related news, insider Erik Engstrom sold 7,521 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of GBX 4,060 ($51.22), for a total value of £305,352.60 ($385,205.75). 0.42% of the stock is currently owned by corporate insiders.

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.