Relx (LON:REL) Shares Down 4.1% – Here’s What Happened

Relx Plc (LON:REL) fell 4.1% during trading on Wednesday . The company traded as low as GBX 2,299 and last traded at GBX 2,354.71. 8,182,463 shares traded hands during trading, a decline of 69% from the average session volume of 26,473,781 shares. The stock had previously closed at GBX 2,455.

Analyst Ratings Changes

A number of research firms recently commented on REL. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 5,070 price target on shares of Relx in a research report on Friday, January 16th. Citigroup decreased their price target on Relx from GBX 3,325 to GBX 2,870 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,145.50.

Relx Stock Performance

The firm has a market capitalization of £41.81 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 2.69 and a beta of 0.26. The stock has a 50-day moving average of GBX 2,563.85 and a 200 day moving average of GBX 2,780.36. The company has a debt-to-equity ratio of 309.97, a quick ratio of 0.45 and a current ratio of 0.49.

Relx (LON:REL) last announced its quarterly earnings data on Thursday, February 12th. The company reported GBX 128.50 EPS for the quarter. Relx had a return on equity of 90.85% and a net margin of 21.53%. On average, research analysts anticipate that Relx Plc will post 134.0035675 earnings per share for the current year.

Insider Activity

In related news, insider N L. Luff sold 61,662 shares of Relx stock in a transaction dated Friday, February 13th. The stock was sold at an average price of GBX 2,257, for a total value of £1,391,711.34. Also, insider Erik Engstrom sold 112,011 shares of Relx stock in a transaction dated Friday, February 13th. The stock was sold at an average price of GBX 2,257, for a total value of £2,528,088.27. 0.18% of the stock is owned by company insiders.

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.