Relx (LON:REL) Sets New 52-Week Low – Should You Sell?

Relx Plc (LON:REL)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 3,266 and last traded at GBX 3,316, with a volume of 1688465750 shares traded. The stock had previously closed at GBX 3,417.

Analyst Upgrades and Downgrades

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

Relx Stock Down 3.0%

The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of 216.69. The company has a market cap of £60.34 billion, a PE ratio of 32.07, a P/E/G ratio of 2.69 and a beta of 0.48. The stock has a 50-day moving average of GBX 3,439.97 and a 200-day moving average of GBX 3,741.11.

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.