RELX PLC
REL: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 4,137.00 | Rbfwk | Cyvqfmdnh |
RELX Earnings: Solid Performance Continues; Shares Fairly Valued
Wide-moat RELX reported first-half results that were broadly in line with FactSet consensus and our expectations. Guidance was unchanged. Shares were up around 2% intraday. We don’t expect to make a material change to our GBX 3,650 fair value estimate. At current levels, the shares are trading just below our fair value estimate.