Relx (LON:REL) Sets New 52-Week Low - Time to Sell?

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 during mid-day trading on Wednesday . The company traded as low as GBX 3,327.50 ($45.12) and last traded at GBX 3,337 ($45.25), with a volume of 3373994 shares trading hands. The stock had previously closed at GBX 3,483 ($47.23).

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on REL shares. Deutsche Bank Aktiengesellschaft raised their price objective on Relx from GBX 3,909 to GBX 4,072 and gave the company a "hold" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped 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. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 4,496.

Relx Trading Up 0.3%

The company has a debt-to-equity ratio of 216.69, a current ratio of 0.48 and a quick ratio of 0.45. The business's 50-day moving average price is GBX 3,699.96 and its two-hundred day moving average price is GBX 3,833.26. The company has a market capitalization of £63.12 billion, a price-to-earnings ratio of 3,341.42, a P/E/G ratio of 2.69 and a beta of 0.48.

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%. Research analysts predict that Relx Plc will post 134.0035675 earnings per share for the current year.

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.