Relx (LON:REL) Hits New 52-Week Low – Here’s What Happened

by · The Markets Daily

Relx Plc (LON:REL – Get Free Report)’s share price reached a new 52-week low on Tuesday . The stock traded as low as GBX 2,969 and last traded at GBX 2,999.75, with a volume of 4080272 shares trading hands. The stock had previously closed at GBX 3,014.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on Relx

Relx Stock Down 0.5%

The business has a 50 day simple moving average of GBX 3,060.30 and a 200 day simple moving average of GBX 3,396.45. The company has a market capitalization of £54.55 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 2.69 and a beta of 0.48. The company has a debt-to-equity ratio of 216.69, a current ratio of 0.48 and a quick ratio of 0.45.

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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