In a report released today, David Amiras from Bank of America Securities maintained a Buy rating on RELX plc (RLXXF – Research Report), with a price target of p4,800.00.
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David Amiras has given his Buy rating due to a combination of factors that reflect promising future prospects for RELX plc. The company’s financial performance for FY24 met expectations, with a notable earnings per share growth and a significant buyback plan that surpassed consensus estimates. This buyback, valued at £1.5 billion for 2025, indicates the company’s confidence in its continued growth and the potential for shareholder value enhancement.
Moreover, RELX’s strong performance in key divisions such as STM, Legal, and Risk, which account for a substantial portion of its sales, supports the optimistic outlook. These divisions are expected to accelerate revenue growth in the coming year, reinforcing the thesis of potential re-rating. Additionally, despite a commendable year-to-date performance, RELX shares are trading at a discount compared to its peers, which further strengthens the Buy recommendation. The investment in innovative ventures like the AI startup Harvey also contributes to the positive sentiment, suggesting strategic positioning for future growth.
According to TipRanks, Amiras is ranked #2139 out of 9369 analysts.
In another report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a £47.70 price target.