Bank of America Securities analyst David Amiras maintained a Buy rating on RELX plc (RLXXF – Research Report) today and set a price target of p4,800.00.
David Amiras has given his Buy rating due to a combination of factors that highlight RELX plc’s strong market position and growth potential. The company’s recent Q1 trading update reaffirmed its positive outlook, which is expected to be well-received by investors given the current market conditions. RELX is considered a resilient entity with lower forecast risk compared to the broader market, making it an attractive investment.
Additionally, RELX’s valuation remains appealing, trading at a discount to its peers despite its high-quality growth narrative. The company is projected to achieve strong revenue growth across its divisions, with particularly robust performance expected in Risk & Business Analytics, Legal, and Exhibitions. The supportive divisional commentary and consistent growth in areas like STM and Legal further bolster confidence in RELX’s future performance, justifying the Buy rating.
In another report released on April 16, Morgan Stanley also maintained a Buy rating on the stock with a £45.20 price target.
Based on the recent corporate insider activity of 18 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.