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

Relx Plc (LON:RELGet Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Analysts Set New Price Targets

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

View Our Latest Stock Report on Relx

Relx Stock Up 0.6 %

The firm’s 50-day moving average is GBX 3,835.75 and its 200 day moving average is GBX 3,759.44. The firm has a market capitalization of £72.84 billion, a P/E ratio of 39.32, a PEG ratio of 2.69 and a beta of 0.48. The company has a debt-to-equity ratio of 216.69, a quick ratio of 0.45 and a current ratio of 0.48.

Relx (LON:RELGet Free Report) last released 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%. As a group, equities research analysts predict that Relx Plc will post 134.0035675 EPS for the current fiscal year.

Relx Increases Dividend

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

Insider Transactions at Relx

In other Relx news, insider Erik Engstrom sold 7,521 shares of Relx stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of GBX 4,060 ($53.87), for a total value of £305,352.60 ($405,138.12). 0.42% of the stock is owned by corporate insiders.

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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