The stock of RELX PLC (NYSE:RELX) decreased by -$0.38 on Wednesday to $32.00, down -1.17 percent. The last five days have seen an average of 611,752 shares of common stock traded. 25 times new highs were reached in the current year, with a gain of $4.30. The average number of shares traded over the last 20 days was 694,663, while the average volume over the last 50 days totaled 689,869.
RELX stock dropped -3.96% since last month. On 08/16/23, the company’s shares reached a one-month low of $31.78. The stock touched a high of $34.49 on 07/27/23, after rallying from a low of $23.39 in 52 weeks. The price of RELX stock has risen by 15.44% or $4.30 this year, reaching a new high 25 times. Still, the stock price is down -7.22% from the 52-week high.
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Valuation Metrics
RELX PLC (RELX) has a trailing price-to-earnings (P/E) ratio of 29.80. Beta for the stock is 0.83. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.72, and the price-to-cash flow ratio of 23.34.
Company paid $0.2195 per share in dividends, a decrease of -52.9% from $0.4660 last year. A $0.2465 dividend decrease was reported on Tuesday July 25 2023.
Financial Health
As far as profitability goes, gross margin for the trailing twelve months is 64.40% percent. Based on annual data, it had gross profit of $6.81 billion and revenue of $10.58 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 17.40% return on investment (ROI) in the past year.
Earnings Surprise
Net income for the quarter came in at $7.24 billion, while revenues rose by 1.85% to $0.0. At the end of RELX PLC’s most recent quarter, its liabilities totaled 14.94 billion, while its total debt was $6.8 billion.
Technical Picture
Here’s a quick look at RELX PLC’s (RELX) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 32.93%, suggesting the stock is Neutral, with a 13.76% historical volatility rate.
The stochastic %K and %D were 10.66% and 14.24% respectively, while the average true range (ATR) was 0.47. Based on the 14-day stochastic reading of 10.38%, the RSI (14) reading is 39.17%. On the 9-day MACD Oscillator, the stock is at -0.30, and the 14-day reading is at -0.52.
Analyst Ratings
RELX PLC (NYSE: RELX) was downgraded by Barclays to a an Equal weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned RELX PLC (RELX) an Overweight rating. RELX is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 1 other recommend it as a buy.
What is RELX’s price target for the next 12 months?
The current consensus forecast for the stock is between $37.00 and $38.80, with a median target price of $37.90. In analyzing these forecasts, the average price target given by analysts for RELX PLC (RELX) is $37.90.
