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

Relx Plc (LON:REL) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 Analyst Weigh In

Separately, Citigroup dropped their price objective on Relx from GBX 3,325 to GBX 2,870 and set a “buy” rating on the stock in a report on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,145.50.

Relx Price Performance

The firm has a market cap of £41.57 billion, a PE ratio of 21.21, a P/E/G ratio of 2.69 and a beta of 0.26. The company has a debt-to-equity ratio of 309.97, a quick ratio of 0.45 and a current ratio of 0.49. The firm’s 50-day moving average price is GBX 2,456.93 and its two-hundred day moving average price is GBX 2,576.13.

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.