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

Relx Plc (LON:REL)’s stock price passed 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 traded.

Analyst Ratings Changes

Separately, Citigroup lowered their price target on shares of 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,145.50.

Relx Trading Down 0.2%

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 has a 50-day moving average of GBX 2,441.09 and a 200-day moving average of GBX 2,555.86. The firm has a market capitalization 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.

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.