Citi cut RELX to Neutral from Buy on valuation but raised its price target, leaving limited upside to the new target, with a reported trading update due on Thursday.
Citi downgraded RELX (LON: REL), the information analytics and decision-tools group, to Neutral from Buy on Tuesday. Citi also lifted its price target to 3,125p from 2,870p, citing valuation after the recent re-rating.
The shares closed today at 2,928p, down 9p or 0.31% from yesterday’s 2,937p, the highest close in the data from 15 July. They dipped to 2,883p during the session.
REL.LSE
Citi’s stated reason is valuation after the recent re-rating.
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The new target is 255p, or 8.9%, above the old one, so Citi has raised its price expectation even as it cut the rating.
The old 2,870p target sat 2.0% below today’s close. The new 3,125p target is only 6.7% above it.
That follows a run of about 20% from 2,450p on the 22nd of September, including a 4.0% jump on the 15th of October on heavy volume.
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Relx daily closing share price, 15 July to 20 October 2026, in pence.
RELX is a FTSE 100 company with a market value of £50.3bn. Its shares sit well above their 50-day average of 2,588p and 200-day average of 2,545p.
A nine-month trading update is reportedly due on Thursday, though the date is unconfirmed.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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