Relx (LON:REL) Sets New 12-Month High - Should You Buy?

Relx Plc (LON:REL - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 3,827 ($46.84) and last traded at GBX 3,814 ($46.68), with a volume of 18705818 shares changing hands. The stock had previously closed at GBX 3,763 ($46.06).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 4,550 ($55.69) price objective on shares of Relx in a report on Tuesday, January 7th.

Relx Price Performance

The firm has a market cap of £71.22 billion, a price-to-earnings ratio of 3,829.00, a P/E/G ratio of 2.69 and a beta of 0.48. The business's 50-day simple moving average is GBX 3,676.14 and its two-hundred day simple moving average is GBX 3,610.90. The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 218.66.

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.