Relx (LON:REL) Reaches New 52-Week Low - Here's Why

Key Points

• Relx Plc shares reached a new 52-week low, trading as low as GBX 3,327.50, down from a previous close of GBX 3,483.
• Analysts have set a consensus "Moderate Buy" rating for Relx, with an average target price of GBX 4,496, despite some firms adjusting their price targets recently.
• The company's quarterly earnings report indicated earnings per share of GBX 63.50, with a net margin of 20.34% and a significant return on equity of 56.71%.

Relx Plc (LON:REL - Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as GBX 3,327.50 ($45.01) and last traded at GBX 3,337 ($45.14), with a volume of 3373994 shares changing hands. The stock had previously closed at GBX 3,483 ($47.12).

Analysts Set New Price Targets

Several research firms have weighed in on REL. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Relx from GBX 3,909 to GBX 4,072 and gave the stock a "hold" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Relx from GBX 4,890 to GBX 4,920 and gave the stock an "overweight" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 4,496.

Relx Trading Down 4.2%

The firm has a market capitalization of £60.96 billion, a PE ratio of 3,227.27, a PEG ratio of 2.69 and a beta of 0.48. The firm's fifty day moving average is GBX 3,728.44 and its two-hundred day moving average is GBX 3,843.04. 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 (LON:REL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported GBX 63.50 earnings per share for the quarter. Relx had a net margin of 20.34% and a return on equity of 56.71%. On average, equities analysts predict that Relx Plc will post 134.0035675 EPS for the current fiscal year.

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.

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