Relx (LON:REL) Hits New 52-Week High – Here’s Why

Relx Plc (LON:REL) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 3,827 ($46.82) and last traded at GBX 3,814 ($46.67), with a volume of 18705818 shares changing hands. The stock had previously closed at GBX 3,763 ($46.04).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 4,550 ($55.67) price objective on shares of Relx in a research report on Tuesday, January 7th.

Relx Price Performance

The firm has a market cap of £73.40 billion, a PE ratio of 3,946.00, a P/E/G ratio of 2.69 and a beta of 0.48. The company has a debt-to-equity ratio of 218.66, a current ratio of 0.48 and a quick ratio of 0.45. The business’s fifty day moving average is GBX 3,681.52 and its 200-day moving average is GBX 3,612.41.

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.