Relx (LON:REL) Trading Down 14.4% – What’s Next?

Relx Plc (LON:REL)’s stock price traded down 14.4% during mid-day trading on Wednesday . The company traded as low as GBX 2,142 and last traded at GBX 2,214. 17,229,896 shares changed hands during trading, a decline of 3% from the average session volume of 17,756,586 shares. The stock had previously closed at GBX 2,585.

Analyst Upgrades and Downgrades

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

Relx Stock Performance

The company has a 50 day moving average price of GBX 2,933.18 and a 200-day moving average price of GBX 3,274.50. The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 216.69. The company has a market cap of £40.74 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 2.69 and a beta 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.