Relx (LON:REL) Shares Pass Above 200-Day Moving Average - Here's Why

Relx Plc (LON:REL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,770.46 ($50.24) and traded as high as GBX 3,984 ($53.08). Relx shares last traded at GBX 3,967 ($52.86), with a volume of 14,431,156 shares traded.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 4,770 ($63.56) price target on shares of Relx in a research report on Tuesday, February 18th.

Relx Stock Up 1.4 %

The firm has a market capitalization of £75.08 billion, a PE ratio of 40.53, a PEG ratio of 2.69 and a beta of 0.48. The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 216.69. The stock has a 50 day simple moving average of GBX 3,821.78 and a 200 day simple moving average of GBX 3,786.60.

Relx (LON:REL - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported GBX 120.10 ($1.60) EPS for the quarter. Relx had a net margin of 20.34% and a return on equity of 56.71%. As a group, sell-side analysts forecast that Relx Plc will post 134.0035675 earnings per share for the current year.

Relx Increases Dividend

The firm also recently announced 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 ($5.97) per share. This represents a dividend yield of 1.19%. The ex-dividend date is Thursday, May 8th. This is a boost from Relx's previous dividend of $18.20. Relx's payout ratio is 59.89%.

Insider Transactions at Relx

In related news, insider Alistair R. Cox purchased 876 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were bought at an average price of GBX 3,970 ($52.90) per share, for a total transaction of £34,777.20 ($46,338.71). Also, insider Erik Engstrom sold 128,798 shares of Relx stock in a transaction on Friday, February 14th. The shares were sold at an average price of GBX 4,073 ($54.27), for a total value of £5,245,942.54 ($6,989,930.10). Insiders own 0.42% of the company's stock.

Relx Company Profile

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.