By Benjamin Chiou
Date: Tuesday 09 Dec 2025
LONDON (ShareCast) - (Sharecast News) - Deutsche Bank has lifted its target prices for Canal+ and Relx and upgraded its rating on the latter, saying it sees value across the UK media sector after a difficult 2025.
The bank raised its target price for Canal+ from 300p to 340p, keeping a 'buy' recommendation, and lifted Relx from 'hold' to 'buy', hiking its target price from 3,700p to 4,072p.
"2025 started tough/got worse. 2026 a bit better? We see value," Deutsche Bank said in a research note.
"All of our UK media coverage relatively underperformed (ex Informa/Canal+) given a toxic mix of macro/geopolitical uncertainty and generative AI fears. 2026 macros look slightly better given falling interest rates, with volatility/uncertainty caveats."
The bank said that ongoing debates over the disruption caused by generative AI presents good entry points for certain high quality media stocks.
"We set out a broad gen AI framework to assess our coverage, with focus on content quality, tech capability, ability to fund investment and market positioning/customer relationships. We believe fears look over blown in B2B and Platforms, but selectivity is important."
Relx shares were up 1.3% at 3,011p by 1132 GMT, while Canal+ gained 1.1% to 253.2p.
| Currency | UK Pounds |
| Price | 2,992.00p |
| Change Today | 77.00p |
| 52 Week High | 3,417.00p |
| 52 Week Low | 2,013.00p |
| Volume | 3,531,629 |
| Shares Issued | 1,741.04m |
| Market Cap | £52,092m |
| Strong Buy | 7 |
| Buy | 4 |
| Neutral | 2 |
| Sell | 0 |
| Strong Sell | 1 |
| Total | 14 |
