RELX plc: Resilient Growth and Attractive Valuation Amid Market Challenges

Analyst David Amiras of Bank of America Securities reiterated a Buy rating on RELX plc (RLXXF – Research Report), retaining the price target of p4,800.00.

David Amiras has given his Buy rating due to a combination of factors that highlight RELX plc’s resilience and growth potential. The company’s Q1 trading update is expected to reinforce its positive outlook for 2025, suggesting the potential for continued outperformance. RELX is considered one of the most defensive and resilient companies in Europe, with a stable growth profile and a modest forecast risk compared to the broader market. The current valuation, at 19x CY25E EV/EBITDA, is seen as an attractive entry point for investors looking for a high-quality growth story.
Despite a recent 15% decline in share price, RELX’s growth profile remains robust, making it an appealing investment compared to its peers. The company’s strategic focus on areas like the Legal division, which is expected to see significant growth, and its resilience in the face of potential recession risks, further support the Buy rating. Additionally, the company’s ability to maintain a strong growth trajectory, with an anticipated 5% or better growth rate, underscores its potential for long-term value creation.

In another report released on April 9, Goldman Sachs also maintained a Buy rating on the stock with a £46.89 price target.

RLXXF’s price has also changed slightly for the past six months – from $47.345 to $48.210, which is a 1.83% increase.