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

Shares of Relx Plc (LON:REL) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,555.86 and traded as high as GBX 2,663. Relx shares last traded at GBX 2,496, with a volume of 3,651,971 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup decreased their price objective on shares of Relx from GBX 3,325 to GBX 2,870 and set a “buy” rating for the company in a report on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 4,145.50.

Relx Trading Down 0.2%

The stock has a market cap of £43.69 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.69 and a beta of 0.26. The firm’s 50 day moving average is GBX 2,441.09 and its two-hundred day moving average is GBX 2,555.86. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 309.97.

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.