Relx (LON:REL) Trading Down 13.6% – Here’s What Happened

by · The Cerbat Gem

Relx Plc (LON:REL – Get Free Report) was down 13.6% during trading on Tuesday . The stock traded as low as GBX 2,224 and last traded at GBX 2,234. Approximately 241,866,625 shares changed hands during trading, an increase of 779% from the average daily volume of 27,523,400 shares. The stock had previously closed at GBX 2,585.

Analysts Set New Price Targets

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

View Our Latest Research Report on Relx

Relx Price Performance

The company’s 50 day moving average is GBX 3,000.03 and its 200 day moving average is GBX 3,314.22. 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 stock has a market capitalization of £40.63 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.69 and a beta of 0.48.

Relx Company Profile

(Get Free Report)

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.

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