Relx (LON:REL) Sets New 52-Week Low – Here’s Why

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

Analyst Ratings Changes

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

Relx Price Performance

The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of 216.69. The business’s 50-day moving average is GBX 3,000.03 and its two-hundred day moving average is GBX 3,314.22. The company has a market capitalization of £42.72 billion, a P/E ratio of 22.72, 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.