RELX PLC

REL: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 1,667.00	Cnmxw	Tdnkhxgt

RELX: Solid Start to Fiscal 2024; Shares Undervalued

Rob Hales

Apr 25, 2024

Wide-moat RELX’s first-quarter trading update indicated initial performance in fiscal 2024 is tracking in line with guidance and our expectations. Shares are trading flat intraday. We don’t expect to make a material change to our GBX 3,650 fair value estimate. At current levels, the shares look undervalued.

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