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

Relx Plc (LON:REL) shares dropped 13.6% during mid-day trading on Tuesday . The company traded as low as GBX 2,224 and last traded at GBX 2,234. Approximately 241,866,625 shares traded 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.

Wall Street Analyst Weigh In

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

Relx Price Performance

The stock’s 50-day moving average is GBX 3,000.03 and its 200-day moving average is GBX 3,314.22. The firm has a market cap of £40.23 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 2.69 and a beta of 0.48. The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of 216.69.

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.