Relx (LON:REL) Sets New 12-Month Low – Here’s Why

Relx Plc (LON:REL)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 2,509 and last traded at GBX 2,513, with a volume of 234606266 shares. The stock had previously closed at GBX 2,585.

Analyst Upgrades and Downgrades

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

Relx Trading Down 1.9%

The stock has a market cap of £39.33 billion, a PE ratio of 21.00, a PEG ratio of 2.69 and a beta of 0.48. The company’s fifty day moving average is GBX 2,966.10 and its 200-day moving average is GBX 3,293.91. The company has a debt-to-equity ratio of 216.69, a current ratio of 0.48 and a quick ratio of 0.45.

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.