Relx (LON:REL) Reaches New 1-Year Low – Here’s What Happened

Relx Plc (LON:REL)’s share price hit a new 52-week low on Thursday . The company traded as low as GBX 3,266 and last traded at GBX 3,316, with a volume of 1688465750 shares traded. The stock had previously closed at GBX 3,417.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on REL. UBS Group restated a “buy” rating and issued a GBX 4,570 price target on shares of Relx in a research note on Friday, October 17th. JPMorgan Chase & Co. increased their target price on Relx from GBX 4,890 to GBX 4,920 and gave the company an “overweight” rating in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Relx from GBX 3,909 to GBX 4,072 and gave the stock a “hold” rating in a report on Friday, July 25th. Finally, Royal Bank Of Canada reissued an “overweight” rating on shares of Relx in a research note on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,520.67.

Relx Stock Performance

The company has a debt-to-equity ratio of 216.69, a quick ratio of 0.45 and a current ratio of 0.48. The firm’s 50 day moving average is GBX 3,431.02 and its 200-day moving average is GBX 3,732.99. The company has a market cap of £58.12 billion, a PE ratio of 30.89, a PEG ratio of 2.69 and a beta of 0.48.

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.