Relx (LON:REL) Stock Price Down 10.2% – Should You Sell?

Relx Plc (LON:REL)’s stock price fell 10.2% during mid-day trading on Tuesday . The stock traded as low as GBX 2,294 and last traded at GBX 2,321. 240,154,125 shares were traded during mid-day trading, an increase of 775% from the average session volume of 27,448,943 shares. The stock had previously closed at GBX 2,585.

Analyst Ratings Changes

Several research firms have recently commented on REL. Citigroup initiated coverage on shares of Relx in a research report on Monday, January 12th. They set a “neutral” rating and a GBX 3,178 price target for the company. Royal Bank Of Canada reiterated an “overweight” rating on shares of Relx in a research report on Tuesday, October 21st. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 5,070 price target on shares of Relx in a research note on Friday, January 16th. Finally, UBS Group restated a “buy” rating and issued a GBX 4,570 price objective on shares of Relx in a research note 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. Based on data from MarketBeat, Relx currently has an average rating of “Moderate Buy” and an average target price of GBX 4,222.50.

Relx Stock Down 9.8%

The company has a market capitalization of £42.41 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 2.69 and a beta of 0.48. The company’s fifty day moving average is GBX 3,000.03 and its 200-day moving average is GBX 3,314.22. The company has a debt-to-equity ratio of 216.69, a quick ratio of 0.45 and a current ratio of 0.48.

Relx Company Profile

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.