Relx Plc (LON:REL – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,179.45 ($39.27) and traded as high as GBX 3,388 ($41.85). Relx shares last traded at GBX 3,364 ($41.55), with a volume of 3,735,640 shares.
Wall Street Analyst Weigh In
Several brokerages have weighed in on REL. Berenberg Bank cut shares of Relx to a “hold” rating and upped their price objective for the stock from GBX 3,300 ($40.76) to GBX 3,500 ($43.23) in a research note on Friday, March 29th. JPMorgan Chase & Co. upped their price objective on shares of Relx from GBX 3,770 ($46.57) to GBX 4,100 ($50.64) and gave the stock an “overweight” rating in a research note on Friday, February 16th.
Read Our Latest Stock Analysis on REL
Relx Price Performance
Relx Increases Dividend
The business also recently declared a dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 2nd will be paid a dividend of GBX 41.80 ($0.52) per share. This is a boost from Relx’s previous dividend of $17.00. This represents a dividend yield of 1.25%. The ex-dividend date is Thursday, May 2nd. Relx’s dividend payout ratio is 6,276.60%.
About Relx
RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.
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