RELX plc (RLXXF) Received its Third Buy in a Row

By Carrie Williams

After Barclays and J.P. Morgan gave RELX plc (Other OTC: RLXXF) a Buy rating last month, the company received another Buy, this time from Goldman Sachs. Analyst Katherine Tait maintained a Buy rating on RELX plc today. The company’s shares closed last Friday at $24.90, close to its 52-week high of $27.25.

Tait has an average return of 5.4% when recommending RELX plc.

According to TipRanks.com, Tait is ranked #2361 out of 7331 analysts.

Currently, the analyst consensus on RELX plc is a Strong Buy with an average price target of $28.24, implying a 12.3% upside from current levels. In a report issued on February 12, Barclays also maintained a Buy rating on the stock with a £20.90 price target.

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The company has a one-year high of $27.25 and a one-year low of $0. Currently, RELX plc has an average volume of 5,866.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RLXXF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

RELX is a FTSE 100 diversified information and analytics company. The firm operates across four main areas: scientific, technical, and medical (34% of 2019 sales); risk and business analytics (29%); legal (21%); and exhibitions (16%). RELX Group has three listings: its primary one in London and two more in New York and Amsterdam.