Relx Reaches New 12-Month High - Is It a Good Time to Invest?

Relx Plc (LON:REL) marked a significant milestone as its stock price hit a new 52-week high during trading hours on Wednesday. The stock soared to an impressive GBX 4,144 ($52.08) at its peak and concluded the trading session at GBX 4,120 ($51.78), with a total of 2,725,883 shares changing hands. The previous closing price stood at GBX 4,076 ($51.23).

Analyst Ratings

In a recent research update from JPMorgan Chase & Co., the analysts reaffirmed an "overweight" rating for Relx and set a target price of GBX 4,550 ($57.18) for its shares, released on January 7th.

Relx Stock Overview

The stock boasts a market capitalization of £75.50 billion, with a price-to-earnings (PE) ratio of 40.76 and a price-to-earnings growth (PEG) ratio of 2.69. It also presents a beta of 0.48, indicating relatively less volatility compared to the market. As of now, Relx’s 50-day moving average is GBX 3,820.22, while the 200-day moving average stands at GBX 3,669.30. In terms of liquidity, it has a current ratio of 0.48, a quick ratio of 0.45, and a notably high debt-to-equity ratio of 216.69.

Relx last declared its earnings results on February 13th, reporting earnings per share (EPS) of GBX 120.10 ($1.51) for the quarter. The company demonstrated a robust return on equity of 56.71% along with a net margin of 20.34%. Furthermore, analysts project an EPS of approximately 134.00 for Relx for the current fiscal year.

About Relx

Relx is a global leader in information-based analytics and decision tools tailored for professional and business clients. The company operates across more than 180 countries, with a workforce exceeding 33,000 individuals, nearly half of whom are based in North America. RELX PLC trades on the London, Amsterdam, and New York Stock Exchanges under the ticker symbols: London: REL; Amsterdam: REN; New York: RELX.

Investment Considerations

If you are contemplating investing in Relx, it’s important to consider recent insights from top Wall Street analysts. Despite Relx holding a "Hold" rating among researchers, some analysts recommend alternative stocks that they believe have better potential for growth.

Identifying Other Investment Opportunities

Before making any investment decisions, it might be beneficial to explore opportunities beyond Relx. Research analysts are constantly tracking and recommending stocks that could present better buying opportunities. Engaging with diverse investment options could enhance your portfolio’s performance.

Investing, Stocks, Relx