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

Shares of Relx Plc (LON:RELGet Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,576.13 and traded as high as GBX 2,621.64. Relx shares last traded at GBX 2,375, with a volume of 4,145,271 shares.

Wall Street Analysts Forecast Growth

Separately, Citigroup decreased their price objective on shares of Relx from GBX 3,325 to GBX 2,870 and set a “buy” rating for the company in a research report on Thursday, April 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,145.50.

Check Out Our Latest Stock Analysis on REL

Relx Stock Performance

The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 309.97. The firm has a 50-day moving average of GBX 2,452.25 and a 200-day moving average of GBX 2,575.02. The stock has a market capitalization of £42.30 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 2.69 and a beta of 0.26.

About Relx

(Get Free Report)

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.

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