Relx (LON:REL) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Relx Plc (LON:REL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,812.45 ($50.74) and traded as high as GBX 3,953 ($52.61). Relx shares last traded at GBX 3,949 ($52.56), with a volume of 2,176,242 shares traded.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 4,770 ($63.48) price target on shares of Relx in a research note on Tuesday, February 18th.

Relx Price Performance

The company has a 50 day moving average price of GBX 3,864.44 and a 200 day moving average price of GBX 3,812.45. The firm has a market cap of £73.38 billion, a PE ratio of 39.61, a price-to-earnings-growth 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.

Relx (LON:REL) last announced its quarterly earnings results on Thursday, February 13th. The company reported GBX 120.10 ($1.60) EPS for the quarter. Relx had a return on equity of 56.71% and a net margin of 20.34%. On average, sell-side analysts expect that Relx Plc will post 134.0035675 EPS for the current year.

Relx Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, May 8th will be paid a dividend of GBX 448 ($5.96) 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 payout ratio is 59.89%.

Insider Transactions at Relx

In related news, insider Alistair R. Cox bought 876 shares of Relx stock in a transaction that occurred on Thursday, April 24th. The shares were purchased at an average price of GBX 3,970 ($52.83) per share, with a total value of £34,777.20 ($46,283.20). Also, insider Erik Engstrom sold 7,521 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of GBX 4,060 ($54.03), for a total value of £305,352.60 ($406,378.23). 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.