RELX PLC
REL: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 6,371.00 | Fqgv | Bfmfvdntz |
RELX: Solid Start to Fiscal 2024; Shares Undervalued
Wide-moat RELX’s first-quarter trading update indicated initial performance in fiscal 2024 is tracking in line with guidance and our expectations. Shares are trading flat intraday. We don’t expect to make a material change to our GBX 3,650 fair value estimate. At current levels, the shares look undervalued.