Alistair R. Cox Buys 1,630 Shares of Relx Plc (LON:REL) Stock

Relx Plc (LON:REL) insider Alistair R. Cox purchased 1,630 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was bought at an average cost of GBX 3,229 ($39.88) per share, for a total transaction of £52,632.70 ($65,010.75).

Relx Stock Up 1.5 %

Relx stock opened at GBX 3,329 ($41.12) on Friday. The firm has a 50 day simple moving average of GBX 3,384.23 and a 200 day simple moving average of GBX 3,184.30. The firm has a market capitalization of £62.25 billion, a price-to-earnings ratio of 3,541.49, a P/E/G ratio of 3.63 and a beta of 0.46. The company has a current ratio of 0.52, a quick ratio of 0.45 and a debt-to-equity ratio of 188.92. Relx Plc has a 1-year low of GBX 2,414 ($29.82) and a 1-year high of GBX 3,531.81 ($43.62).

Relx Increases Dividend

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

Wall Street Analysts Forecast Growth

REL has been the subject of a number of recent research reports. Berenberg Bank lowered shares of Relx to a “hold” rating and lifted their price objective for the company from GBX 3,300 ($40.76) to GBX 3,500 ($43.23) in a research note on Friday, March 29th. JPMorgan Chase & Co. lifted their price objective on shares of Relx from GBX 3,770 ($46.57) to GBX 4,100 ($50.64) and gave the company an “overweight” rating in a research note on Friday, February 16th.

Relx Company Profile

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.