Relx (LON:REL) Stock Price Down 14.4% – What’s Next?

Relx Plc (LON:RELGet Free Report) was down 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 Headlines Impacting Relx

Here are the key news stories impacting Relx this week:

Analysts Set New Price Targets

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

Read Our Latest Report on Relx

Relx Price Performance

The stock 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 simple moving average is GBX 2,983.24 and its 200-day simple moving average is 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.

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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