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

Relx Plc (LON:RELGet Free Report) shares traded down 14.4% on Wednesday . The stock traded as low as GBX 2,142 and last traded at GBX 2,214. 17,229,896 shares were traded during trading, a decline of 3% from the average session volume of 17,756,586 shares. The stock had previously closed at GBX 2,585.

Relx News Summary

Here are the key news stories impacting Relx this week:

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Royal Bank Of Canada restated 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 research report on Friday, January 16th. UBS Group restated a “buy” rating and set a GBX 4,570 price objective on shares of Relx in a research note on Friday, October 17th. Finally, Citigroup initiated coverage on 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 assigned a Hold rating to the company. According to data from MarketBeat, Relx has a consensus rating of “Moderate Buy” and an average price target of GBX 4,222.50.

Check Out Our Latest Report on Relx

Relx Price Performance

The company has a debt-to-equity ratio of 216.69, a quick ratio of 0.45 and a current ratio of 0.48. The firm has a market capitalization of £40.08 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 2.69 and a beta of 0.48. The business has a fifty day moving average of GBX 2,983.24 and a 200-day moving average of GBX 3,301.81.

Relx Company Profile

(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.

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