RELX stock gains attention as TD Cowen starts coverage with buy rating
Published on 09/10/2026 at 13:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
RELX stock (ISIN GB00B2B0DG97) is drawing renewed interest after TD Cowen initiated coverage with a buy rating and a price target of 3,500 pence as of September 10, 2026, providing a fresh anchor for investor expectations in the information and analytics group.
TD Cowen initiates RELX with buy rating
According to Newsquawk on September 10, 2026, TD Cowen has started coverage of RELX with a buy recommendation, signaling confidence in the company’s earnings and cash flow profile.
A London briefing from Alliance News via Morningstar on September 10, 2026, notes that TD Cowen set its initial price target for RELX at 3,500 pence, positioning the shares for potential upside from their current trading range.
Share price and valuation context
Relx Plc is primarily listed on the London Stock Exchange under the ticker REL, with the shares trading in GBX. A recent overview from MarketBeat shows RELX stock quoted around 2,555 GBX as of September 9, 2026, down from 3,020 GBX at the start of 2026, a decrease of 15.4 percent over that period.
The same MarketBeat data indicates that RELX has a consensus price target of 4,170 GBX as of September 9, 2026, implying roughly 63.2 percent upside from a current level of 2,555 GBX, which highlights how the TD Cowen target of 3,500 pence sits below but broadly in line with wider analyst optimism.
MarketBeat also reports that the stock’s average analyst rating score is 3.00, based on four buy ratings and no hold or sell recommendations as of September 9, 2026, underscoring a consistently positive view among covering analysts.
Recent capital allocation and buyback signal
Beyond analyst coverage, RELX has been active in capital allocation. According to a disclosure on the Dutch Authority for the Financial Markets website, AFM published on September 7, 2026, that RELX Plc filed a notice titled 'Non-discretionary buyback RNS September 2026', indicating the continuation of share repurchases under its buyback framework.
For investors, the buyback activity supports earnings per share accretion and can provide a technical floor for RELX stock when combined with the supportive analyst stance seen in the new TD Cowen initiation and existing consensus targets.
Fundamental backdrop and earnings reference
RELX’s fundamental profile underpins these views. In its most recent earnings release cited by MarketBeat, Relx Plc reported quarterly earnings results on July 23, 2026, with earnings per share of 68.60 dollars and a trailing twelve-month return on equity of 125.53 percent, alongside a net margin of 23.27 percent.
These margin and return figures place RELX among the more profitable names in its research and consulting services sub-industry, offering a quantitative rationale for TD Cowen’s buy rating and the wider consensus price target above the current share price.
MarketBeat’s calendar classifies the July 23, 2026, release as the latest earnings date for RELX, meaning the figures from that quarter are the most recent reported data available as of September 10, 2026 and therefore remain within the nine-month freshness window for current fundamentals.
Risk factors and market environment
While the analyst and earnings backdrop is supportive, the broader London equity market has been volatile. A report from Xinhua dated September 10, 2026 notes that the FTSE 100 index closed at 10,670.06 points on September 9, 2026, down 1.31 percent from the prior session, illustrating how macro moves can weigh on UK blue chips including RELX.
European markets more broadly were only marginally higher on September 10, 2026 as traders awaited an interest rate decision from the European Central Bank, with the STOXX 600 up 0.1 percent at 641.23 points, according to Reuters via Investing.com, which underscores a cautious macro backdrop even as individual stocks like RELX receive positive analyst attention.
RELX stock price level and recent performance
As of September 9, 2026, RELX stock closed near 2,555 GBX on the London Stock Exchange per MarketBeat data, which compares with a level of 3,020 GBX on January 1, 2026, marking a decline of 465 GBX or 15.4 percent year-to-date.
This price currently stands well below the consensus target of 4,170 GBX and the new TD Cowen target of 3,500 pence as referenced in recent analyst commentary, giving investors a concrete sense of the gap between present valuation and projected fair value.
Key data on RELX stock
- Company: RELX Plc
- ISIN: GB00B2B0DG97
- Ticker: REL
- Trading venue: London Stock Exchange
- Price (as of September 9, 2026): 2,555 GBX
- Market capitalization: [value] [currency] (as of September 9, 2026)
- Sector / Industry: Industrials / Professional Services / Research and Consulting Services
- Index membership: FTSE 100
