Relx (LON:REL) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Relx Plc (LON:REL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,706.78 ($47.78) and traded as high as GBX 3,826 ($49.32). Relx shares last traded at GBX 3,747 ($48.30), with a volume of 5,114,363 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 4,770 ($61.48) price target on shares of Relx in a research note on Tuesday, February 18th.

Relx Trading Down 2.0 %

The firm has a market capitalization of £69.29 billion, a P/E ratio of 37.40, a PEG ratio of 2.69 and a beta of 0.48. The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of 216.69. The firm has a 50 day moving average of GBX 3,888.01 and a 200-day moving average of GBX 3,706.78.

Relx (LON:REL) last announced its quarterly earnings data on Thursday, February 13th. The company reported GBX 120.10 ($1.55) EPS for the quarter. Relx had a net margin of 20.34% and a return on equity of 56.71%. On average, equities research analysts predict that Relx Plc will post 134.0035675 earnings per share for the current fiscal year.

Insider Buying and Selling 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 shares were sold at an average price of GBX 4,073 ($52.50), for a total transaction of £5,245,942.54 ($6,761,978.01). Company insiders own 0.42% of the company’s stock.

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.