JPMorgan Raises RELX Price Target to 4,890 GBp, Reiterates Overweight Rating

JPMorgan has increased its price target for RELX from 4,630 GBp to 4,890 GBp, maintaining an Overweight rating. The average target price for RELX is $60.64, with a high estimate of $60.64 and a low estimate of $60.64. The average brokerage recommendation is 1.5, indicating a "Buy" status. The estimated GF Value for RELX in one year is $47.15, suggesting a downside of 12.28% from the current price.

JPMorgan has increased its price forecast for RELX (RELX, Financial) from 4,630 GBp to 4,890 GBp, while maintaining an Overweight rating on the company's shares. This upward adjustment signifies optimism about RELX's future performance in the market. Investors monitoring RELX should consider this updated projection as a positive indicator of potential growth.

Based on the one-year price targets offered by analysts, the average target price for RELX PLC (RELX, Financial) is $60.64, with a high estimate of $60.64 and a low estimate of $60.64. The average target implies an upside of 12.81% from the current price of $53.75 [1]. The average brokerage recommendation is 1.5, indicating a "Buy" status [1]. According to GuruFocus estimates, the estimated GF Value for RELX PLC (RELX, Financial) in one year is $47.15, suggesting a downside of 12.28% from the current price of $53.75 [3].

RELX is a global provider of information-based analytics and decision tools for professional and business customers in various industries. The company serves sectors such as science and medical research, risk management, and legal. In addition, RELX organizes large-scale digital and face-to-face events such as industry trade shows. Around 60% of revenue is generated in North America and about 20% in Europe [3].

The recent increase in the price target by JPMorgan reflects a positive outlook on RELX's operational stability and growth potential. Despite differing views on price targets, analysts generally acknowledge RELX’s robust operational framework and strategic initiatives. Investors should closely monitor RELX's quarterly financial results, which are expected in 13 days, as this could significantly impact the stock price [4].

References:
[1] https://www.gurufocus.com/news/2972573/jpmorgan-boosts-price-target-for-relx-reaffirms-overweight-rating-relx-stock-news
[3] https://www.gurufocus.com/term/marke-table-securities/RLXXF
[4] https://www.investing.com/equities/reed-elsevier-plc