Relx (LON:REL) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Relx Plc (LON:REL) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,724.94 ($48.09) and traded as high as GBX 3,874 ($50.02). Relx shares last traded at GBX 3,874 ($50.02), with a volume of 8,779,564 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 4,770 ($61.59) price target on shares of Relx in a research report on Tuesday, February 18th.

Relx Price Performance

The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of 216.69. The firm has a market cap of £71.64 billion, a PE ratio of 38.67, a price-to-earnings-growth ratio of 2.69 and a beta of 0.48. The stock has a 50 day moving average price of GBX 3,904.16 and a two-hundred day moving average price of GBX 3,724.94.

Relx (LON:REL) last released its earnings results on Thursday, February 13th. The company reported GBX 120.10 ($1.55) EPS for the quarter. Relx had a net margin of 20.34% and a return on equity of 56.71%. As a group, equities analysts expect that Relx Plc will post 134.0035675 earnings per share for the current year.

Relx Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, May 8th will be issued a dividend of GBX 448 ($5.78) per share. The ex-dividend date is Thursday, May 8th. This is a positive change from Relx’s previous dividend of $18.20. This represents a dividend yield of 1.19%. Relx’s payout ratio is 59.89%.

Insider Activity at Relx

In related news, insider Erik Engstrom sold 128,798 shares of Relx stock in a transaction dated Friday, February 14th. The stock was sold at an average price of GBX 4,073 ($52.59), for a total transaction of £5,245,942.54 ($6,773,328.01). 0.42% of the stock is owned by insiders.

About Relx

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.