Relx (LON:REL) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Relx Plc (LON:RELGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,700.22 ($46.90) and traded as high as GBX 3,911 ($49.57). Relx shares last traded at GBX 3,905 ($49.49), with a volume of 3,658,033 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 4,770 ($60.46) price target on shares of Relx in a research report on Tuesday, February 18th.

Check Out Our Latest Stock Analysis on Relx

Relx Trading Down 0.6 %

The firm has a market capitalization of £71.81 billion, a P/E ratio of 38.77, a price-to-earnings-growth ratio of 2.69 and a beta of 0.48. The business’s 50-day moving average is GBX 3,868.68 and its 200 day moving average is GBX 3,700.22. The company has a debt-to-equity ratio of 216.69, a current ratio of 0.48 and a quick ratio of 0.45.

Relx (LON:RELGet Free Report) last released its earnings results on Thursday, February 13th. The company reported GBX 120.10 ($1.52) EPS for the quarter. Relx had a net margin of 20.34% and a return on equity of 56.71%. As a group, analysts anticipate that Relx Plc will post 134.0035675 EPS for the current fiscal year.

Insider Buying and Selling at Relx

In related news, insider Erik Engstrom sold 128,798 shares of Relx stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of GBX 4,073 ($51.62), for a total transaction of £5,245,942.54 ($6,648,849.86). Insiders own 0.42% of the company’s stock.

About Relx

(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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