Relx (LON:REL) Stock Price Down 13.6% – Here’s Why

Shares of Relx Plc (LON:REL) dropped 13.6% during mid-day trading on Tuesday . The stock traded as low as GBX 2,224 and last traded at GBX 2,234. Approximately 241,866,625 shares were traded during mid-day trading, an increase of 779% from the average daily volume of 27,523,400 shares. The stock had previously closed at GBX 2,585.

Analyst Ratings Changes

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

Relx Stock Down 13.6%

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 company has a market cap of £40.63 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.69 and a beta of 0.48. The business has a 50-day simple moving average of GBX 3,000.03 and a 200-day simple moving average of GBX 3,314.22.

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.