Relx (LON:REL) Stock Price Down 13.6% - Should You Sell?

Key Points

• Relx shares plunged 13.6% in a session to GBX 2,234 (intraday low GBX 2,224) on exceptionally heavy volume of ~241.9 million shares, about a 779% jump versus average, signaling a sharp sell-off.
• Analysts remain broadly positive with a consensus "Moderate Buy" and an average target of GBX 4,222.50 (three Buys, two Holds), implying substantial upside from current prices.
• However, the stock is trading well below its 50-day (GBX 3,000) and 200-day (GBX 3,314) moving averages and carries high leverage (debt-to-equity 216.69), indicating technical weakness and balance-sheet risk in the near term.

Relx Plc (LON:REL - Get Free Report)'s share price was down 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 changed hands 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on REL shares. Citigroup began coverage on shares of Relx in a report 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 report on Friday, October 17th. Royal Bank Of Canada restated an "overweight" rating on shares of Relx in a report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 5,070 price objective 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 4,222.50.

Relx Trading Down 13.6%

The firm has a market cap of £40.63 billion, a price-to-earnings ratio of 21.61, a P/E/G 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 business has a 50-day moving average of GBX 3,000.03 and a 200-day moving average of GBX 3,314.22.

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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