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

Relx Plc (LON:REL) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,555.86 and traded as high as GBX 2,663. Relx shares last traded at GBX 2,496, with a volume of 3,651,971 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup decreased their price objective 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,145.50.

Relx Price Performance

The business has a 50-day simple moving average of GBX 2,441.09 and a 200 day simple moving average of GBX 2,555.86. The firm has a market cap of £43.69 billion, a P/E ratio of 22.29, a price-to-earnings-growth 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.

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.