Bernstein keeps Outperform rating for RELX stock

Published on 10/12/2026 at 10:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue grew 7.00 percent in the first half of 2026. RELX stock costs EUR 32.43 on October 12, 2026, 0.53 percent above EUR 32.26.

Key points in brief

Bernstein Research kept its Outperform rating and GBp 3,450.00 price target for RELX on October 7, 2026.
Underlying revenue grew 7.00 percent in the first half of 2026, while adjusted operating profit grew 9.00 percent.
RELX was trading at EUR 32.43 at Lang & Schwarz on October 12, 2026, 0.53 percent above the EUR 32.26 Xetra close.
The adjusted operating margin improved to 35.50 percent in the first half of 2026.

Makroaufnahme gedruckter Forschungsdaten und Diagramme, Symbolbild für RELX plc Fachverlag — RELX plc (ISIN GB00B2B0DG97) veröffentlicht wissenschaftliche Fachtexte, hier als Makroaufnahme gedruckter Forschungsdaten dargestellt, Illustration mit AI erstellt.

RELX (ISIN GB00B2B0DG97) was trading at EUR 32.43 at Lang & Schwarz on October 12, 2026 at 10:45 a.m. CEST. On October 7, 2026, Bernstein Research kept its Outperform rating and GBp 3,450.00 price target, according to finanzen.ch. The unchanged target puts the analyst view alongside a business that is still expanding faster at the profit level than at the revenue level.

Three events frame the update

On July 23, 2026, RELX reported first-half underlying revenue growth of 7.00 percent and underlying adjusted operating profit growth of 9.00 percent. The adjusted operating margin improved by 70 basis points to 35.50 percent, while adjusted earnings per share rose 11.00 percent at constant currency, according to the Yahoo Finance transcript.

On September 28, 2026, RELX disclosed purchases of 751,643 ordinary shares between September 21 and September 25. The shares were bought on the London Stock Exchange and held in treasury, according to Investegate.

What does AI growth mean for margins?

The first-half figures show the operating leverage investors are watching: adjusted operating profit grew 9.00 percent against 7.00 percent underlying revenue growth. Legal revenue grew 10.00 percent, Risk revenue grew 8.00 percent and Scientific, Technical and Medical revenue grew 6.00 percent, according to the Yahoo Finance. The mix matters because RELX said higher-value analytics and decision tools are supporting growth across its divisions.

Management also reported 98.00 percent cash conversion and GBP 1.75 billion of share buybacks in the first half. It raised the interim dividend 7.00 percent to GBP 20.90 per share, while net debt stood at GBP 8.70 billion at the end of June, according to the same dated earnings-call transcript.

RELX trades above the Xetra close

At Lang & Schwarz, RELX was trading at EUR 32.43 on October 12, 2026 at 10:45 a.m. CEST, up EUR 0.17, or 0.53 percent, versus the Xetra close of October 9, 2026 at EUR 32.26. RELX PLC says its shares trade in London, Amsterdam and New York under the symbols REL, REN and RELX, and that the group serves customers in more than 180 countries, according to its investor overview.

The further course of trading is shown by the continuously updated real-time quote of RELX stock.