Relx (LON:REL) Shares Down 13.6% – Time to Sell?

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

Analyst Ratings Changes

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

Relx Stock Down 13.6%

The firm has a market cap of £40.63 billion, a P/E ratio of 21.61, a P/E/G ratio of 2.69 and a beta of 0.48. 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 firm’s fifty day moving average is GBX 3,000.03 and its 200 day moving average is 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.