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

Relx Plc (LON:REL)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

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 Trading Up 0.5%

The company 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 business has a 50 day simple moving average of GBX 3,864.44 and a two-hundred day simple moving average of GBX 3,812.45. 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 released its quarterly earnings data 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, analysts forecast that Relx Plc will post 134.0035675 EPS for the current fiscal year.

Relx Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, May 8th will be issued a dividend of GBX 448 ($5.96) per share. This represents a dividend yield of 1.19%. This is an increase from Relx’s previous dividend of $18.20. The ex-dividend date is Thursday, May 8th. Relx’s dividend payout ratio is presently 59.89%.

Insider Transactions at Relx

In other news, insider Erik Engstrom sold 128,798 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of GBX 4,073 ($54.21), for a total transaction of £5,245,942.54 ($6,981,557.81). Also, insider Alistair R. Cox acquired 876 shares of the company’s stock in a transaction dated 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). 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.