Relx (LON:REL) Trading Down 4.1% – What’s Next?

Relx Plc (LON:REL) shares fell 4.1% during trading on Wednesday . The stock traded as low as GBX 2,299 and last traded at GBX 2,354.71. 8,182,463 shares were traded during mid-day trading, a decline of 69% from the average session volume of 26,473,781 shares. The stock had previously closed at GBX 2,455.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on REL. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 5,070 target price on shares of Relx in a research note on Friday, January 16th. Citigroup reduced their target price on Relx from GBX 3,325 to GBX 2,870 and set a “buy” rating for the company in a research note on Thursday, April 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 4,145.50.

Relx Price Performance

The firm has a market cap of £43.02 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 2.69 and a beta of 0.26. The company has a debt-to-equity ratio of 309.97, a quick ratio of 0.45 and a current ratio of 0.49. The business has a 50 day simple moving average of GBX 2,556.23 and a 200-day simple moving average of GBX 2,769.97.

Relx (LON:REL) last released its quarterly earnings results on Thursday, February 12th. The company reported GBX 128.50 earnings per share (EPS) for the quarter. Relx had a return on equity of 90.85% and a net margin of 21.53%. Equities research analysts expect that Relx Plc will post 134.0035675 earnings per share for the current year.

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.