Shares of Relx Plc (LON:REL – Get Rating) reached a new 52-week high during mid-day trading on Thursday after the company announced a dividend. The stock traded as high as GBX 2,551 ($30.97) and last traded at GBX 2,528 ($30.69), with a volume of 667169 shares changing hands. The stock had previously closed at GBX 2,448 ($29.72).The newly announced dividend which will be paid on Wednesday, June 7th. Investors of record on Thursday, April 27th will be issued a dividend of GBX 38.90 ($0.47) per share. This represents a yield of 1.59%. This is an increase from Relx’s previous dividend of $15.70. The ex-dividend date of this dividend is Thursday, April 27th. Relx’s dividend payout ratio is presently 61.48%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Barclays downgraded shares of Relx to an “equal weight” rating and set a GBX 2,585 ($31.38) price target on the stock. in a report on Tuesday, January 31st. JPMorgan Chase & Co. set a GBX 2,730 ($33.14) target price on shares of Relx in a research note on Monday, January 9th. UBS Group set a GBX 2,650 ($32.17) target price on shares of Relx in a research note on Tuesday, January 17th. Credit Suisse Group set a GBX 2,800 ($33.99) target price on shares of Relx in a research note on Tuesday, January 10th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 2,330 ($28.28) target price on shares of Relx in a research note on Friday, October 21st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Relx currently has a consensus rating of “Hold” and an average target price of GBX 2,565.43 ($31.14).
Relx Price Performance
The firm’s 50-day moving average price is GBX 2,360.50 and its two-hundred day moving average price is GBX 2,318.24. The stock has a market cap of £48.41 billion and a PE ratio of 3,022.22. The company has a current ratio of 0.51, a quick ratio of 0.45 and a debt-to-equity ratio of 189.53.
About Relx
RELX PLC 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.