Relx (REL) Reaches New 52-Week Low Following Analyst Downgrade
Shares of Relx PLC (LON:REL) hit a new 52-week low during trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 1,883 to GBX 1,785. JPMorgan Chase & Co. currently has an overweight rating on the stock. Relx traded as low as GBX 1,455 ($20.10) and last traded at GBX 1,455 ($20.10), with a volume of 5540000 shares. The stock had previously closed at GBX 1,489.50 ($20.58).
Several other analysts have also recently commented on the stock. Goldman Sachs Group reiterated a “buy” rating on shares of Relx in a research note on Tuesday. Investec reiterated a “buy” rating and issued a GBX 1,900 ($26.25) price target on shares of Relx in a research note on Monday. Barclays cut shares of Relx to an “equal weight” rating and set a GBX 1,600 ($22.11) price target on the stock. in a research note on Monday. Liberum Capital reiterated a “buy” rating and issued a GBX 1,750 ($24.18) price target on shares of Relx in a research note on Monday, January 29th. Finally, Societe Generale reiterated a “buy” rating and issued a GBX 1,990 ($27.49) price target on shares of Relx in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 1,696.44 ($23.44).
The company has a market cap of $30,050.00 and a PE ratio of 2,309.52.
RELX PLC is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.
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