RELX PLC (NYSE: RELX) is 10.06% higher on its value in year-to-date trading and has touched a low of $23.39 and a high of $33.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RELX stock was last observed hovering at around $30.82 in the last trading session, with the day’s loss setting it -0.31% off its average median price target of $35.35 for the next 12 months. It is also 14.06% off the consensus price target high of $35.50 offered by 3 analysts, but current levels are 13.32% higher than the price target low of $35.20 for the same period.
Currently trading at $30.51, the stock is -2.79% and -4.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing -1.01% at the moment leaves the stock 6.13% off its SMA200. RELX registered 5.13% gain for a year compared to 6-month gain of 10.66%. The firm has a 50-day simple moving average (SMA 50) of $8.21 and a 200-day simple moving average (SMA200) of $23.35.
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The stock witnessed a -8.65% loss in the last 1 month and extending the period to 3 months gives it a -0.23%, and is -1.07% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.84% over the week and 0.97% over the month.
RELX PLC (RELX) has around 34629 employees, a market worth around $57.77B and $10.61B in sales. Current P/E ratio is 29.03. Profit margin for the company is 19.10%. Distance from 52-week low is 30.44% and -9.97% from its 52-week high. The company has generated returns on investments over the last 12 months (17.40%).
RELX PLC (RELX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for RELX PLC (RELX) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 1 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
RELX PLC is expected to release its quarterly report on 07/27/2023.The EPS is expected to grow by 11.70% this year
RELX PLC (RELX) Top Institutional Holders
The shares outstanding are 1.91B, and float is at 1.88B with Short Float at 0.06%.
RELX PLC (RELX): Who are the competitors?
The company’s main competitors (and peers) include John Wiley & Sons Inc. (WLY) that is trading -29.49% down over the past 12 months and News Corporation (NWSA) that is 4.59% higher over the same period. S&P Global Inc. (SPGI) is 1.62% up on the 1-year trading charts.