Report
Michael Field
EUR 100.00 For Business Accounts Only

Slow and Steady Wins the Race for RELX in 1Q

Narrow-moat RELX’s brief trading update confirmed that the first quarter has offered up no material surprises, with management confirming its full-year outlook. We maintain our forecasts and believe that organic revenue growth just north of 4%, combined with slight operating margin improvement over the course of 2019, is eminently achievable. We also reiterate our GBX 1,510 fair value estimate and believe that as concerns have waned over the threat to the journal business, the shares have once a...
Underlying
RELX PLC

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Field

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