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

Relx Plc (LON:REL)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3,742.33 ($48.60) and traded as high as GBX 3,904 ($50.69). Relx shares last traded at GBX 3,875.98 ($50.33), with a volume of 2,846,371 shares trading hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 4,770 ($61.94) price target on shares of Relx in a research note on Tuesday, February 18th.

Relx Stock Down 0.1 %

The firm has a market capitalization of £72.32 billion, a PE ratio of 39.04, 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 3,903.23 and a 200 day simple moving average of GBX 3,743.45.

Relx (LON:REL) last posted its quarterly earnings data on Thursday, February 13th. The company reported GBX 120.10 ($1.56) earnings per share (EPS) 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 forecast that Relx Plc will post 134.0035675 earnings per share for the current year.

Relx Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, May 8th will be given a dividend of GBX 448 ($5.82) per share. This is a positive change from Relx’s previous dividend of $18.20. The ex-dividend date of this dividend is Thursday, May 8th. This represents a dividend yield of 1.19%. Relx’s dividend payout ratio is currently 59.89%.

Insider Activity

In related news, insider Erik Engstrom sold 128,798 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of GBX 4,073 ($52.89), for a total transaction of £5,245,942.54 ($6,812,027.71). Corporate insiders own 0.42% of the company’s stock.

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.