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

Shares of Relx Plc (LON:REL) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 4,144 ($51.60) and last traded at GBX 4,120 ($51.30), with a volume of 2725883 shares traded. The stock had previously closed at GBX 4,076 ($50.75).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 4,550 ($56.66) price target on shares of Relx in a research note on Tuesday, January 7th.

Relx Stock Performance

The firm has a 50 day simple moving average of GBX 3,805.30 and a 200-day simple moving average of GBX 3,662.33. 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 company has a market cap of £76.76 billion, a price-to-earnings ratio of 4,127.00, a PEG ratio of 2.69 and a beta of 0.48.

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.