UBS Reiterates RELX (RLXXF) Buy Recommendation

UBS has reiterated a Buy recommendation for RELX (OTCPK:RLXXF), projecting an average one-year price target of $61.72/share, which implies a 33.08% upside from its latest closing price. This positive outlook is underpinned by projected annual revenue of $10,115MM, a 6.09% increase, and an anticipated non-GAAP EPS of $1.26. Institutional sentiment remains robust, with 563 funds reporting positions and total institutional ownership increasing by 3.28% in the last quarter, signaling continued investor confidence.

Analysis

UBS has reiterated a Buy recommendation for RELX (OTCPK:RLXXF) as of October 17, 2025, signaling continued confidence in the company's outlook. The average one-year price target is set at $61.72 per share, representing a significant 33.08% upside from its latest reported closing price of $46.38. This positive forecast is underpinned by projected annual revenue growth of 6.09% to $10,115 million and an anticipated non-GAAP EPS of $1.26.

Institutional investor sentiment towards RELX remains robust, with 563 funds reporting positions, an increase of 1.08% in the last quarter. Total shares owned by institutions rose by 3.28% to 334,012K shares, and the average portfolio weight dedicated to RLXXF increased by 7.83% to 0.86%, indicating a broad-based increase in institutional exposure.

While overall institutional ownership increased, specific fund actions show some divergence in portfolio allocation. Notably, Vanguard International Growth Fund (VWIGX) significantly increased its allocation by 218.86% and shares by 65.21%, alongside NEW PERSPECTIVE FUND (ANWPX) increasing shares by 11.04% and allocation by 6.94%. Conversely, Vanguard Total International Stock Index Fund (VGTSX) and Vanguard Developed Markets Index Fund (VTMGX) decreased their portfolio allocations by 11.22% and 3.95% respectively, despite slight share increases, suggesting potential rebalancing or relative underperformance within their broader portfolios.

Key Decisions for Investors

• Consider the strong analyst buy rating and the substantial 33.08% implied upside to the average price target when evaluating RELX's near-term potential.
• Monitor RELX's upcoming earnings reports for confirmation of the projected 6.09% revenue growth and $1.26 non-GAAP EPS, as these are key drivers for the analyst's positive outlook.
• While overall institutional ownership is increasing, observe the nuanced positioning of major funds; significant increases by growth-oriented funds like VWIGX could signal long-term conviction, but allocation decreases by other large funds warrant attention for potential rebalancing trends.