The Price Target For RELX PLC (RELX)?

RELX PLC (NYSE:RELX) finished Friday with a subtraction of -$0.16 to close at $31.04, a downside of -0.51 percent. An average of 590,960 shares of common stock have been traded in the last five days. There was a gain of $0.89 in the past week, and it reached a new high 33 times over the past 12 months. The last 20 days have seen an average of 610,360 shares traded, while the 50-day average volume stands at 530,626.

RELX stock has increased by 1.64% in the last month. The company shares reached their 1-month lowest point of $28.67 on 09/28/21. With the stock rallying to its 52-week high on 10/21/21, shares of the company touched a low of $19.52 and a high of $31.21 in 52 weeks. It has reached a new high 27 times so far this year and achieved 25.87% or $6.38 in price. In spite of this, the price is down -0.54% from the 52-week high.

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Valuation Metrics

RELX PLC (RELX) has a trailing price-to-earnings (P/E) ratio of 32.81, which compares with the 19.30 for the broader industry and 30.57 for the sector. In the last five years, RELX PLC’s PE ratio has ranged between 33.58 and 17.10. The stock’s beta is 0.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.23, the price-to-book (PB) ratio at 18.05, and the price-to-cash flow ratio at 46.45.

RELX PLC pays a $0.39 dividend per share annually. It offers a dividend yield of 1.26%. The company has a payout ratio of 49.70%. The company’s most recent quarterly dividend payment took place on Sep. 13, and it was $0.3351 a share, representing a down of -28.6% from $0.4693 last year. Its latest decrease dividend $0.1342 reported on Friday July 30 2021.Dividends have grown by 18.81% each year over the last three years.

The quick ratio of RELX PLC for the recent quarter was 0.50, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.49 and a total debt to equity ratio of 2.68 for the recent quarter. RELX PLC’s EBITDA margin is 33.26%, while its operating margin for the same period stands at 25.70%. Its gross profit as reported stood at $5.94 billion compared to revenue of $9.13 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, RELX PLC’s return on assets was 9.50%. For the broader industry, ROE averaged 4.77 over the past year.

Earnings Surprise

The company posted a net income of $1.22 billion in the quarter, while revenues were shrunk -22.96%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at RELX PLC (RELX) price momentum. RSI 9-day as of the close on 22 October was 72.87%, suggesting the stock is Overbought, with historical volatility in this time frame at 9.62%.

As of today, RELX’s price is $30.72 +2.95% or $0.89 from its 5-day moving average. RELX is currently trading +2.99% higher than its 20-day SMA and +18.07% higher than its 100-day SMA. However, the stock’s current price level is +2.92% above the SMA50 and +22.06% above the SMA200.

The stochastic %K and %D were 96.69% and 97.95%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 92.70% and the average true range at 0.36, the RSI (14) stands at 66.48%. The stock has reached 0.66 on the 9-day MACD Oscillator while the 14-day reading was at 1.01.

Analyst Ratings

Kepler upgraded RELX PLC (NYSE: RELX) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.


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