Insider Buying: Relx Plc (LON:REL) Insider Acquires £52,632.70 in Stock

Relx Plc (LON:REL) insider Alistair R. Cox bought 1,630 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were acquired at an average price of GBX 3,229 ($39.88) per share, with a total value of £52,632.70 ($65,010.75).

Relx Price Performance

Shares of LON:REL opened at GBX 3,329 ($41.12) on Friday. Relx Plc has a 52 week low of GBX 2,414 ($29.82) and a 52 week high of GBX 3,531.81 ($43.62). The company has a 50-day moving average price of GBX 3,384.23 and a 200 day moving average price of GBX 3,186.21. The company has a market cap of £62.25 billion, a P/E ratio of 3,541.49, a PEG ratio of 3.63 and a beta of 0.46. The company has a quick ratio of 0.45, a current ratio of 0.52 and a debt-to-equity ratio of 188.92.

Relx Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 2nd will be issued a GBX 41.80 ($0.52) dividend. This is a boost from Relx’s previous dividend of $17.00. This represents a dividend yield of 1.25%. The ex-dividend date is Thursday, May 2nd. Relx’s dividend payout ratio (DPR) is currently 6,276.60%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on REL shares. JPMorgan Chase & Co. increased their price objective on Relx from GBX 3,770 ($46.57) to GBX 4,100 ($50.64) and gave the stock an “overweight” rating in a research report on Friday, February 16th. Berenberg Bank downgraded Relx to a “hold” rating and increased their price target for the stock from GBX 3,300 ($40.76) to GBX 3,500 ($43.23) in a report on Friday, March 29th.

Relx Company Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.