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

Relx Plc (LON:RELGet Free Report)’s stock price traded down 14.4% during mid-day trading on Wednesday . The stock traded as low as GBX 2,142 and last traded at GBX 2,214. 17,229,896 shares changed hands 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 Roundup

Here are the key news stories impacting Relx this week:

Analysts Set New Price Targets

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

Get Our Latest Report on Relx

Relx Stock Down 2.1%

The business has a 50 day simple moving average of GBX 2,983.24 and a 200 day simple moving average of GBX 3,301.81. The company has a debt-to-equity ratio of 216.69, a current ratio of 0.48 and a quick ratio of 0.45. The stock has a market cap of £39.43 billion, a PE ratio of 20.97, a P/E/G ratio of 2.69 and a beta of 0.48.

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.

Featured Stories

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.