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

Shares of Relx Plc (LON:RELGet Free Report) traded down 14.4% on Tuesday . The stock traded as low as GBX 2,142 and last traded at GBX 2,214. 17,229,896 shares were traded 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.

Key Stories Impacting Relx

Here are the key news stories impacting Relx this week:

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on REL

Relx Stock Performance

The stock’s 50-day moving average price is GBX 2,983.24 and its 200 day moving average price 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. The firm has a market cap 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.

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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