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

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

Analyst Upgrades and Downgrades

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

Relx Trading Down 9.8%

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 business has a 50 day simple moving average of GBX 3,000.03 and a two-hundred day simple moving average of GBX 3,314.22. The stock has a market cap of £42.41 billion, a price-to-earnings ratio of 22.55, 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.