Relx (LON:REL) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Relx Plc (LON:RELGet Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,757.26 ($49.85) and traded as high as GBX 3,921 ($52.02). Relx shares last traded at GBX 3,904.04 ($51.80), with a volume of 5,237,101 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 4,770 ($63.29) price objective on shares of Relx in a report on Tuesday, February 18th.

View Our Latest Stock Analysis on Relx

Relx Stock Performance

The company has a debt-to-equity ratio of 216.69, a current ratio of 0.48 and a quick ratio of 0.45. The stock has a fifty day simple moving average of GBX 3,835.75 and a two-hundred day simple moving average of GBX 3,759.44. The firm has a market capitalization of £72.84 billion, a P/E ratio of 39.32, a P/E/G ratio of 2.69 and a beta of 0.48.

Relx (LON:RELGet Free Report) last issued its earnings results on Thursday, February 13th. The company reported GBX 120.10 ($1.59) EPS for the quarter. Relx had a return on equity of 56.71% and a net margin of 20.34%. On average, research analysts predict that Relx Plc will post 134.0035675 EPS for the current year.

Relx Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, May 8th will be paid a GBX 448 ($5.94) dividend. This represents a yield of 1.19%. This is a boost from Relx’s previous dividend of $18.20. The ex-dividend date of this dividend is Thursday, May 8th. Relx’s payout ratio is presently 59.89%.

Insider Transactions at Relx

In other news, insider Erik Engstrom sold 128,798 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of GBX 4,073 ($54.04), for a total value of £5,245,942.54 ($6,960,252.81). 0.42% of the stock is currently owned by company insiders.

Relx Company Profile

(Get Free Report)

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.

Further Reading

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