Relx Plc (LON:REL – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,194.95 ($40.13) and traded as high as GBX 3,284 ($41.25). Relx shares last traded at GBX 3,284 ($41.25), with a volume of 5,343,944 shares changing hands.
Analysts Set New Price Targets
REL has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Relx from GBX 3,770 ($47.36) to GBX 4,100 ($51.50) and gave the company an “overweight” rating in a report on Friday, February 16th. Berenberg Bank cut shares of Relx to a “hold” rating and increased their price target for the stock from GBX 3,300 ($41.45) to GBX 3,500 ($43.96) in a research note on Friday, March 29th.
Read Our Latest Analysis on Relx
Relx Stock Performance
Relx Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 2nd will be paid a dividend of GBX 41.80 ($0.53) per share. The ex-dividend date is Thursday, May 2nd. This represents a yield of 1.25%. This is a boost from Relx’s previous dividend of $17.00. Relx’s dividend payout ratio is currently 6,276.60%.
Insiders Place Their Bets
In other news, insider Alistair R. Cox acquired 1,630 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was bought at an average price of GBX 3,229 ($40.56) per share, for a total transaction of £52,632.70 ($66,113.18). 0.47% of the stock is owned by insiders.
About Relx
RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.
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