JPMorgan Chase & Co. Reiterates “Overweight” Rating for Relx (LON:REL)

Relx (LON:REL)‘s stock had its “overweight” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research report issued on Tuesday, MarketBeat Ratings reports. They currently have a GBX 4,770 ($60.02) target price on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 19.37% from the stock’s current price.

Relx Trading Down 0.8 %

Shares of LON:REL opened at GBX 3,996 ($50.28) on Tuesday. The company has a market cap of £73.89 billion, a P/E ratio of 39.89, 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 has a 1 year low of GBX 3,218 ($40.49) and a 1 year high of GBX 4,205 ($52.91). The stock’s fifty day moving average price is GBX 3,846.40 and its 200-day moving average price is GBX 3,686.32.

Relx (LON:REL) last announced its quarterly earnings results on Thursday, February 13th. The company reported GBX 120.10 ($1.51) earnings per share (EPS) for the quarter. Relx had a return on equity of 56.71% and a net margin of 20.34%. Sell-side analysts expect that Relx will post 134.0035675 earnings per share for the current year.

Insiders Place Their Bets

In other Relx news, insider Erik Engstrom sold 7,521 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of GBX 4,060 ($51.09), for a total value of £305,352.60 ($384,236.32). Insiders own 0.42% of the company’s stock.

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.