Shares of Relx Plc (LON:REL – Get Free Report) crossed 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 trading hands.
Analysts Set New Price Targets
REL has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Relx from GBX 3,770 ($47.36) to GBX 4,100 ($51.50) and gave the stock an “overweight” rating in a research note on Friday, February 16th. Berenberg Bank lowered 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 report on Friday, March 29th.
View Our Latest Research Report on REL
Relx Price Performance
Relx Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 2nd will be given a dividend of GBX 41.80 ($0.53) per share. This represents a yield of 1.25%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from Relx’s previous dividend of $17.00. Relx’s dividend payout ratio (DPR) is presently 6,276.60%.
Insiders Place Their Bets
In other Relx news, insider Alistair R. Cox acquired 1,630 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was purchased at an average cost of GBX 3,229 ($40.56) per share, for a total transaction of £52,632.70 ($66,113.18). Insiders own 0.47% of the company’s stock.
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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