Relx (LON:REL) Shares Cross Above 200 Day Moving Average – Time to Sell?

Relx Plc (LON:REL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,757.26 ($49.73) and traded as high as GBX 3,921 ($51.90). Relx shares last traded at GBX 3,904.04 ($51.67), with a volume of 5,237,101 shares.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 4,770 ($63.14) price objective on shares of Relx in a report on Tuesday, February 18th.

Relx Price Performance

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 business’s fifty day moving average is GBX 3,838.49 and its 200 day moving average is GBX 3,757.26. The company has a market cap of £72.19 billion, a P/E ratio of 38.97, a PEG ratio of 2.69 and a beta of 0.48.

Relx (LON:REL) last announced its quarterly earnings data on Thursday, February 13th. The company reported GBX 120.10 ($1.59) earnings per share for the quarter. Relx had a return on equity of 56.71% and a net margin of 20.34%. As a group, sell-side analysts anticipate that Relx Plc will post 134.0035675 EPS for the current year.

Relx Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, May 8th will be paid a dividend of GBX 448 ($5.93) per share. This is a boost from Relx’s previous dividend of $18.20. This represents a dividend yield of 1.19%. The ex-dividend date is Thursday, May 8th. Relx’s dividend payout ratio is presently 59.89%.

Insider Buying and Selling

In related news, insider Erik Engstrom sold 128,798 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of GBX 4,073 ($53.91), for a total transaction of £5,245,942.54 ($6,943,669.81). 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.