Relx (LON:REL) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Relx Plc (LON:REL) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,522.77 and traded as high as GBX 2,853. Relx shares last traded at GBX 2,675, with a volume of 6,102,937 shares traded.

Wall Street Analyst Weigh In

Separately, Citigroup dropped their price target on shares of Relx from GBX 3,325 to GBX 2,870 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Relx presently has a consensus rating of “Buy” and a consensus price target of GBX 4,170.

Relx Stock Performance

The company has a 50-day moving average of GBX 2,470.62 and a 200-day moving average of GBX 2,522.77. The company has a market cap of £46.24 billion, a PE ratio of 23.59, a PEG ratio of 2.69 and a beta of 0.26. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 719.39.

Relx (LON:REL) last released its quarterly earnings results on Thursday, July 23rd. The company reported GBX 68.60 EPS for the quarter. Relx had a return on equity of 125.53% and a net margin of 23.27%. As a group, analysts anticipate that Relx Plc will post 134.0035675 earnings per share for the current year.

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.