Relx (LON:REL) Shares Down 4.1% – Here’s What Happened

Shares of Relx Plc (LON:REL) traded down 4.1% during trading on Wednesday . The company traded as low as GBX 2,299 and last traded at GBX 2,354.71. 8,182,463 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 26,473,781 shares. The stock had previously closed at GBX 2,455.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup lowered their price objective on Relx from GBX 3,325 to GBX 2,870 and set a “buy” rating for the company in a research report on Thursday, April 9th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 5,070 price target on shares of Relx in a research report on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,145.50.

Relx Price Performance

The company has a debt-to-equity ratio of 309.97, a quick ratio of 0.45 and a current ratio of 0.49. The firm has a market capitalization of £41.81 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 2.69 and a beta of 0.26. The company has a 50-day moving average price of GBX 2,563.85 and a 200-day moving average price of GBX 2,780.36.

Relx (LON:REL) last posted its quarterly earnings results on Thursday, February 12th. The company reported GBX 128.50 earnings per share (EPS) for the quarter. Relx had a return on equity of 90.85% and a net margin of 21.53%. On average, sell-side analysts predict that Relx Plc will post 134.0035675 earnings per share for the current year.

Insider Buying and Selling at Relx

In other Relx news, insider N L. Luff sold 61,662 shares of Relx stock in a transaction dated Friday, February 13th. The stock was sold at an average price of GBX 2,257, for a total transaction of £1,391,711.34. Also, insider Erik Engstrom sold 112,011 shares of Relx stock in a transaction dated Friday, February 13th. The stock was sold at an average price of GBX 2,257, for a total value of £2,528,088.27. 0.18% of the stock is owned by company insiders.

Relx Company Profile

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.