Relx (LON:REL) Stock Price Down 13.6% - Here's Why

Key Points

• Relx shares plunged 13.6% in mid-day trading to GBX 2,234 (low GBX 2,224) on a massive volume spike of ~241.9 million shares, up about 779% versus the average daily volume.
• Analysts maintain a consensus "Moderate Buy" (three Buys, two Holds) with an average target of GBX 4,222.50, well above the current price.
• Balance-sheet concerns include a very high debt-to-equity ratio of 216.69 and low liquidity (quick ratio 0.45, current ratio 0.48), despite a market cap of £40.63 billion.

Relx Plc (LON:REL - Get Free Report) shares dropped 13.6% on Tuesday . The stock traded as low as GBX 2,224 and last traded at GBX 2,234. Approximately 241,866,625 shares were traded during mid-day trading, an increase of 779% from the average daily volume of 27,523,400 shares. The stock had previously closed at GBX 2,585.

Analyst Ratings Changes

Several analysts recently weighed in on REL shares. Royal Bank Of Canada reissued an "overweight" rating on shares of Relx in a report on Tuesday, October 21st. Citigroup assumed coverage on Relx in a research note on Monday, January 12th. They set a "neutral" rating and a GBX 3,178 price objective on the stock. UBS Group reiterated a "buy" rating and set a GBX 4,570 target price on shares of Relx in a research note on Friday, October 17th. Finally, JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 5,070 price target on shares of Relx in a research report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 4,222.50.

Relx Stock Performance

The stock has a market cap of £40.23 billion, a P/E ratio of 21.39, 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. The company has a fifty day moving average of GBX 3,000.03 and a 200 day moving average of GBX 3,314.22.

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.

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