Relx (LON:REL) Announces Quarterly Earnings Results

Relx (LON:REL) posted its quarterly earnings results on Thursday. The company reported GBX 68.60 earnings per share for the quarter, Digital Look Earnings reports. Relx had a net margin of 21.53% and a return on equity of 90.85%.

Relx Trading Up 1.5%

LON REL opened at GBX 2,488 on Friday. The firm has a market capitalization of £43.55 billion, a price-to-earnings ratio of 22.21, a PEG 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. Relx has a one year low of GBX 1,991 and a one year high of GBX 4,008. The company’s 50 day moving average price is GBX 2,446.02 and its 200 day moving average price is GBX 2,536.67.

Analysts Set New Price Targets

Separately, Citigroup lowered their price objective on shares of 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 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 a consensus rating of “Moderate Buy” and an average target price of GBX 4,145.50.

About Relx

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.