Relx (LON:REL) Share Price Passes Above 200-Day Moving Average – What’s Next?

Relx Plc (LON:REL) passed 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 trading hands.

Wall Street Analyst Weigh In

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

Relx Stock Performance

The stock’s 50-day simple moving average is GBX 2,456.93 and its 200 day simple moving average is GBX 2,576.13. 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 company has a market capitalization of £41.57 billion, a PE ratio of 21.21, a P/E/G ratio of 2.69 and a beta of 0.26.

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.