Relx (LON:REL) Reaches New 1-Year Low – Here’s Why

Shares of Relx Plc (LON:REL) reached a new 52-week low on Tuesday . The stock traded as low as GBX 3,027 and last traded at GBX 3,057, with a volume of 4163677 shares traded. The stock had previously closed at GBX 3,086.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on REL shares. Deutsche Bank Aktiengesellschaft raised their target price on Relx from GBX 3,909 to GBX 4,072 and gave the company a “hold” rating in a research report on Friday, July 25th. Royal Bank Of Canada reaffirmed an “overweight” rating on shares of Relx in a research report on Tuesday, October 21st. UBS Group reiterated a “buy” rating and issued a GBX 4,570 target price on shares of Relx in a research note on Friday, October 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of Relx from GBX 4,890 to GBX 4,920 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 4,520.67.

Relx Stock Down 0.9%

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 company has a 50 day moving average of GBX 3,395.38 and a 200-day moving average of GBX 3,693.84. The company has a market cap of £55.63 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 2.69 and a beta of 0.48.

About Relx

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.