Relx (LON:REL) Trading Down 14.4% – Here’s What Happened

Relx Plc (LON:RELGet Free Report) dropped 14.4% during trading on Tuesday . The company traded as low as GBX 2,142 and last traded at GBX 2,214. Approximately 17,229,896 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 17,756,586 shares. The stock had previously closed at GBX 2,585.

Key Relx News

Here are the key news stories impacting Relx this week:

Wall Street Analyst Weigh In

A number of research firms have weighed in on REL. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 5,070 target price on shares of Relx in a research report on Friday, January 16th. Royal Bank Of Canada reiterated an “overweight” rating on shares of Relx in a research report on Tuesday, October 21st. UBS Group restated a “buy” rating and issued a GBX 4,570 target price on shares of Relx in a report on Friday, October 17th. Finally, Citigroup began coverage on shares of Relx in a research report on Monday, January 12th. They set a “neutral” rating and a GBX 3,178 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,222.50.

Get Our Latest Report on Relx

Relx Stock Performance

The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of 216.69. The firm has a market capitalization of £40.26 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.69 and a beta of 0.48. The company’s 50 day moving average is GBX 3,000.03 and its 200-day moving average is GBX 3,314.22.

About Relx

(Get Free Report)

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.

Read More

Receive News & Ratings for Relx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Relx and related companies with MarketBeat.com's FREE daily email newsletter.