Relx share price (LON:REL) hit new 52-week, and all-time highs in yesterday's session, reaching 3,820p intraday and closing out above 3,800. With the last 12 months bringing gains of 20%, a considerable outperformance on the broader UK markets and blue chip FTSE 100 index, analysts continue to see REL moving higher in the year ahead.
The end of last year saw JP Morgan upgrade the stock twice in a month, and this week has brought new bullish coverage from Redburn Atlantic. The latter initiated coverage on Relx with a healthy 4,500p price target, accompanied by a bullish ‘Buy' rating, seeing EPS low single digit percentages ahead of consensus through 2027.
JP Morgan's price target moved up from 4,200 to 4,550 in early November, before again seeing upside movement to the latest street high target of 4,710p in December. The firm held their ‘Outperform' rating in place.
With 2025 still in it's infancy, Relx's stock has started strongly, gaining 5.08% so far. The latest close at 3,806p would indicate a potential further upside of more than 20% to JP Morgan's target, and 18% to Redburn's.
Relx operates through diversified segments, which include Risk; Scientific, Technical & Medical; Legal; and Exhibitions. Each of these sectors is supported by data analytics and innovative technology, particularly the Risk segment, which offers crucial decision tools for evaluating and predicting risk.
The firm's market cap now stands at £70.24 billion, with a healthy price-to-earnings (P/E) ratio of 38. Additionally, the stock shows a solid price-to-earnings-growth (P/E/G) ratio of 2.69 and a beta of 0.48, suggesting moderate volatility in comparison to the broader market.
Relx Plc's new highs and the support from market analysts potentially set the company up for a strong year ahead, with the stock breaking out of a range which had held for the second half of 2024. There is always the bear narrative to consider before making any moves however, and careful consideration should be made before getting carried away by sentiment.
Whether the bulls will remain in charge through the year ahead is yet to be seen, but Relx have definitely started on the right foot.
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