Relx Plc (LON:REL – Get Rating) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 2,567 ($30.87) and last traded at GBX 2,562 ($30.81), with a volume of 516811 shares traded. The stock had previously closed at GBX 2,555 ($30.72).
Analyst Ratings Changes
A number of brokerages recently commented on REL. Barclays downgraded shares of Relx to an “equal weight” rating and set a GBX 2,585 ($31.08) price objective on the stock. in a research report on Tuesday, January 31st. JPMorgan Chase & Co. set a GBX 2,810 ($33.79) price target on shares of Relx in a research note on Thursday, February 16th. Credit Suisse Group set a GBX 2,860 ($34.39) price objective on Relx in a report on Friday, February 17th. Deutsche Bank Aktiengesellschaft set a GBX 2,000 ($24.05) target price on Relx in a research note on Friday, February 17th. Finally, The Goldman Sachs Group set a GBX 2,962 ($35.62) price target on Relx in a research note on Wednesday, February 22nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Relx has a consensus rating of “Hold” and an average target price of GBX 2,543.38 ($30.58).
Relx Stock Down 2.0 %
The company has a market cap of £48.21 billion, a price-to-earnings ratio of 2,969.41, a PEG ratio of 1.94 and a beta of 0.49. The business has a 50-day simple moving average of GBX 2,433.94 and a two-hundred day simple moving average of GBX 2,333.10. The company has a quick ratio of 0.45, a current ratio of 0.59 and a debt-to-equity ratio of 179.27.
Relx Increases Dividend
Insider Transactions at Relx
In other Relx news, insider Erik Engstrom sold 93,039 shares of Relx stock in a transaction on Friday, February 17th. The shares were sold at an average price of GBX 2,492 ($29.97), for a total transaction of £2,318,531.88 ($2,788,037.37). Corporate insiders own 0.41% of the company’s stock.
Relx Company Profile
RELX PLC provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.
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