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

Relx Plc (LON:REL)’s stock price 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 trading hands.

Wall Street Analysts Forecast Growth

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

Relx Stock Down 2.5%

The business’s 50 day moving average is GBX 2,473.82 and its 200 day moving average is GBX 2,523.36. The company has a debt-to-equity ratio of 719.39, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a market cap of £45.63 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 2.69 and a beta of 0.26.

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

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.