Relx (LON:REL) Sets New 1-Year Low – Here’s What Happened

Shares of Relx Plc (LON:REL) reached a new 52-week low on Tuesday . The stock traded as low as GBX 2,509 and last traded at GBX 2,513, with a volume of 234606266 shares traded. The stock had previously closed at GBX 2,585.

Analyst Ratings Changes

REL has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated an “overweight” rating on shares of Relx in a research note on Tuesday, October 21st. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 5,070 price objective on shares of Relx in a report on Friday, January 16th. UBS Group reaffirmed a “buy” rating and issued a GBX 4,570 price objective on shares of Relx in a research report on Friday, October 17th. Finally, Citigroup initiated coverage on shares of Relx in a research note on Monday, January 12th. They issued a “neutral” rating and a GBX 3,178 target price on the stock. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Relx has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,222.50.

Relx Price Performance

The business has a fifty day moving average of GBX 3,000.03 and a 200-day moving average of GBX 3,314.22. The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 216.69. The firm has a market cap of £42.72 billion, a PE ratio of 22.72, a PEG ratio of 2.69 and a beta of 0.48.

About Relx

RELX is a global provider of information-based analytics and decision tools for professional and business customers. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs over 33,000 people, of whom almost half are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.