RELX - RELX: No Surprises
2024-02-18 02:26:05 ET
Summary
- RELX's 2H 2023 top line and operating profit were largely in line with the market's expectations.
- I think that the company's actual results for FY 2024 won't surprise investors, as RELX's process of optimizing its business mix will require time.
- My Hold rating for RELX stays unchanged, considering both its decent FY 2024 shareholder yield of 3.5% and its demanding P/E valuations.
Elevator Pitch
RELX PLC ( RELX ) [REL:LN] is awarded a Hold investment rating.
My previous article published on December 1, 2023 drew attention to two of the company's businesses, or more specifically, its Risk and Exhibitions business units. For the current write-up, I analyze RELX's most recent set of results, and assess its outlook relating to revenue & operating earnings growth and capital return....
RELX: No Surprises