RELX PLC shares are multi listed, (LON: REL) (NYSE: RELX) on the London Stock Exchange under the symbol REL, while it also has listings on the New York and Amsterdam stock exchanges. The stock is also a constituent of the FTSE 100.
Established in 1993 as a provider of legal publications, London-headquartered RELX has transformed into a provider of information-based analytics and decision tools for professional and business customers across various industries. The firm is now considered an information and analytics company with a strong global presence.
RELX PLC has successfully expanded its portfolio over the years and provides scientific, technical, and medical information and analytics, establishing itself as a trusted source of essential data and insights. The company operates in four market segments: risk, scientific & medical, legal, and exhibitions. The company’s current Chief Executive Officer is Erik Engstrom. He has been the company’s CEO since 2009.
With a history of robust financial performance and a commitment to consistent value creation, RELX PLC has become an attractive choice for investors.
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RELX Share Price & Dividend Yield
When assessing the RELX price chart, we can see its shares have experienced tremendous growth over the last few years, climbing above the 3,300p mark. At the time of writing (April 4, 2024), its stock is up more than 26% over the last 12 months, with a strong uptrend holding well, despite a recent pullback.
RELX PLC has a strong dividend payment history, offering investors the opportunity to receive regular income. Its current dividend yield stands at 1.78%.
RELX EPS and Revenue Breakdown 2020-2023
| RELX | Annual EPS | Annual Revenue |
|---|---|---|
| 2020 | 80.1p | £6.75 billion |
| 2021 | 87.6p | £7.24 billion |
| 2022 | 102.2p | £8.55 billion |
| 2023 | 114p | £9.16 billion |
Analytics Industry Comparison
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RELX Share Price Forecast
RELX was downgraded to Hold from Buy at Berenberg with a new price target of 3,500p, up from 3,300p in a recent research note. Berenberg cited the company’s valuation for its downgrade, stating that with the share price up 38% over the last year, they have decided to take profits. In December 2023, Kepler Cheuvreux analyst also downgraded Relx to Hold from Buy with a 3,100p price target.
Meanwhile, in October 2023, Goldman Sachs upgraded shares of RELX to Buy from Neutral, raising the price target to 3,405p per share, up from 3,046p. Analysts at Goldman Sachs said that the company is well positioned within the generative artificial intelligence (AI) sector to bolster its existing data and IP competitive advantage. Furthermore, they believe the application of technology across the Relx suite of products should speed up the company’s revenue growth. Goldman Sachs also stated that it sees an upside risk to RELX’s margins, given the potential benefits to its operating leverage.
Our View: The company’s ability to adapt to evolving market needs and its focus on innovation have contributed to its position as a reliable investment opportunity. Its position in generative AI should also provide some investors with confidence in the company’s near and mid-term potential, making it a company to take a closer look at.
Who Might Buy RELX Shares
When considering the purchase of RELX shares, several factors should be taken into account. Many of these factors will depend on your personal circumstances, so it is important to assess how your character and behaviour aligns with the stock and its potential performance.
Investors looking for stable income through regular dividend payouts may find RELX shares appealing. However, it’s important to note that there are other stocks with stronger dividend yields available.
Investors with a moderate risk tolerance may find RELX shares suitable, as the company’s diversified portfolio and global presence contribute to a relatively stable investment opportunity. However, it’s important to consider the specific risk factors disclosed by RELX and assess their impact on your risk tolerance.
RELX demonstrates the potential for growth and innovation. Investors with a medium-term investment horizon and an interest in the information and analytics industry may find RELX shares to be a compelling option.
