Latest news with #DanielKerven
Business Insider
26-04-2025
- Business
- Business Insider
J.P. Morgan Reaffirms Their Buy Rating on RELX plc (RLXXF)
In a report released on April 24, Daniel Kerven from J.P. Morgan maintained a Buy rating on RELX plc (RLXXF – Research Report), with a price target of p4,630.00. The company's shares closed yesterday at $54.16. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. According to TipRanks, Kerven is a 5-star analyst with an average return of 9.2% and a 57.70% success rate. In addition to J.P. Morgan, RELX plc also received a Buy from Bank of America Securities's David Amiras in a report issued on April 24. However, yesterday, Deutsche Bank maintained a Hold rating on RELX plc (Other OTC: RLXXF). RLXXF market cap is currently $98.1B and has a P/E ratio of 39.98. Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RLXXF in relation to earlier this year.
Reuters
27-03-2025
- Business
- Reuters
Shares in Germany's ProSieben slide after MFE bid
March 27 (Reuters) - Shares in German media group ProSiebenSat.1 ( opens new tab slumped 9% in early trade on Thursday after Italy's MFE ( opens new tab made a low-ball bid for shares in ProSiebenSat.1 it does not already own. The stock was seen at the bottom of the German small-caps index (.SDAXI), opens new tab. MFE, which owns commercial TV operations in Italy and Spain, is looking to create a pan-European advertising-funded broadcaster - a strategy so far resisted by ProSieben, which is striving to remain independent. "Assuming the share price remains above the offer price we would not expect many Pro7 shareholders to accept the offer," Daniel Kerven, an analyst form JP Morgan, said, adding that the voluntary public takeover offer was around 10% below the closing share price. The price offered is expected to amount to around 5.7 euros a share, a person close to the matter said, against Wednesday's closing price of 6.5 euros a share for ProSieben, equivalent to a total market value of 1.5 billion euros. The board of ProSieben will carefully review MFE's offer, the company said on Wednesday.
