Relx (LON:REL) Sets New 1-Year High – Time to Buy?

Relx Plc (LON:REL)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 4,144 ($52.08) and last traded at GBX 4,120 ($51.78), with a volume of 2725883 shares trading hands. The stock had previously closed at GBX 4,076 ($51.23).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 4,550 ($57.18) target price on shares of Relx in a research report on Tuesday, January 7th.

Relx Stock Performance

The stock has a market capitalization of £75.50 billion, a PE ratio of 40.76, a PEG ratio of 2.69 and a beta of 0.48. The business’s 50 day moving average is GBX 3,820.22 and its 200 day moving average is GBX 3,669.30. The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 216.69.

Relx (LON:REL) last announced its earnings results on Thursday, February 13th. The company reported GBX 120.10 ($1.51) earnings per share (EPS) for the quarter. Relx had a return on equity of 56.71% and a net margin of 20.34%. On average, equities research analysts predict that Relx Plc will post 134.0035675 earnings per share for the current fiscal 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.