Relx PLC (REL) Insider Erik Engstrom Sells 55,000 Shares

Relx PLC (LON:REL) insider Erik Engstrom sold 55,000 shares of Relx stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of GBX 1,493 ($20.63), for a total value of £821,150 ($1,134,498.48).

Erik Engstrom also recently made the following trade(s):

  • On Friday, February 16th, Erik Engstrom sold 49,594 shares of Relx stock. The stock was sold at an average price of GBX 1,491 ($20.60), for a total value of £739,446.54 ($1,021,617.21).

Shares of Relx PLC (LON REL) opened at GBX 1,522.50 ($21.03) on Thursday. Relx PLC has a one year low of GBX 1,399 ($19.33) and a one year high of GBX 1,784 ($24.65). The stock has a market capitalization of $31,770.00 and a P/E ratio of 1,856.71.

Relx (LON:REL) last issued its quarterly earnings results on Thursday, February 15th. The company reported GBX 81 ($1.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 80.60 ($1.11) by GBX 0.40 ($0.01). Relx had a return on equity of 65.60% and a net margin of 18.64%. The firm had revenue of GBX 735.50 billion during the quarter.

The firm also recently declared a dividend, which will be paid on Tuesday, May 22nd. Investors of record on Thursday, April 26th will be paid a dividend of GBX 27.70 ($0.38) per share. This is a positive change from Relx’s previous dividend of $11.70. This represents a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, April 26th.

A number of equities analysts have recently commented on the company. Kepler Capital Markets dropped their target price on Relx from GBX 1,990 ($27.49) to GBX 1,800 ($24.87) and set a “buy” rating for the company in a report on Friday, February 16th. Numis Securities reiterated a “hold” rating and issued a GBX 1,550 ($21.41) target price on shares of Relx in a report on Thursday, February 15th. Deutsche Bank reiterated a “buy” rating and issued a GBX 1,750 ($24.18) target price on shares of Relx in a report on Friday, February 16th. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 1,945 ($26.87) target price on shares of Relx in a report on Tuesday, February 13th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 1,840 ($25.42) target price on shares of Relx in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 1,719.64 ($23.76).

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Relx Company Profile

RELX PLC is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.

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