Relx (LON:REL) Share Price Crosses Above 200-Day Moving Average of $3,157.41

Relx Plc (LON:REL) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3,157.41 ($39.31) and traded as high as GBX 3,377 ($42.04). Relx shares last traded at GBX 3,354 ($41.75), with a volume of 2,069,807 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Relx from GBX 3,770 ($46.93) to GBX 4,100 ($51.04) and gave the company an “overweight” rating in a report on Friday, February 16th. Berenberg Bank lowered shares of Relx to a “hold” rating and upped their price target for the company from GBX 3,300 ($41.08) to GBX 3,500 ($43.57) in a report on Friday, March 29th.

Relx Stock Performance

The firm’s fifty day simple moving average is GBX 3,384.41 and its 200 day simple moving average is GBX 3,161.15. The company has a market capitalization of £61.80 billion, a PE ratio of 3,515.96, a price-to-earnings-growth ratio of 3.63 and a beta of 0.46. The company has a debt-to-equity ratio of 188.92, a current ratio of 0.52 and a quick ratio of 0.45.

Relx Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 2nd will be given a GBX 41.80 ($0.52) dividend. The ex-dividend date is Thursday, May 2nd. This represents a dividend yield of 1.25%. This is an increase from Relx’s previous dividend of $17.00. Relx’s dividend payout ratio is 6,276.60%.

About Relx

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.