Relx (LON:REL) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Relx Plc (LON:REL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,794.05 ($50.44) and traded as high as GBX 4,136 ($54.99). Relx shares last traded at GBX 4,121 ($54.79), with a volume of 3,217,956 shares traded.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 4,770 ($63.41) price objective on shares of Relx in a research note on Tuesday, February 18th.

Relx Price Performance

The company has a debt-to-equity ratio of 216.69, a current ratio of 0.48 and a quick ratio of 0.45. The company has a market cap of £74.49 billion, a PE ratio of 40.21, a PEG ratio of 2.69 and a beta of 0.48. The stock's 50-day moving average is GBX 3,847.25 and its 200 day moving average is GBX 3,803.53.

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

Relx Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, May 8th will be paid a GBX 448 ($5.96) dividend. This represents a dividend yield of 1.19%. This is an increase from Relx's previous dividend of $18.20. The ex-dividend date of this dividend is Thursday, May 8th. Relx's payout ratio is 59.89%.

Insiders Place Their Bets

In related news, insider Erik Engstrom sold 7,521 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of GBX 4,060 ($53.98), for a total transaction of £305,352.60 ($405,946.02). Also, insider Alistair R. Cox purchased 876 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was bought at an average price of GBX 3,970 ($52.78) per share, for a total transaction of £34,777.20 ($46,233.98). 0.42% of the stock is owned by company 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.