Relx Plc (NYSE:RELX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Relx Plc (NYSE:RELX) have been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.

A number of equities research analysts have weighed in on RELX shares. Wall Street Zen raised Relx from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings upgraded Relx from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. The Goldman Sachs Group assumed coverage on Relx in a research note on Wednesday, June 3rd. They issued a “buy” rating on the stock. Finally, Barclays reiterated an “overweight” rating on shares of Relx in a research report on Friday, July 24th.

Hedge Funds Weigh In On Relx

Several institutional investors have recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Relx during the fourth quarter worth approximately $26,000. Cornerstone Planning Group LLC boosted its holdings in shares of Relx by 2,574.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock worth $27,000 after acquiring an additional 695 shares in the last quarter. Whipplewood Advisors LLC boosted its holdings in shares of Relx by 2,468.4% in the 1st quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock worth $32,000 after acquiring an additional 938 shares in the last quarter. Transamerica Financial Advisors LLC grew its position in Relx by 3,040.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after acquiring an additional 760 shares during the last quarter. Finally, Manchester Capital Management LLC grew its position in Relx by 1,823.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock worth $43,000 after acquiring an additional 1,003 shares during the last quarter. 15.02% of the stock is owned by institutional investors.

Relx Trading Down 3.1%

NYSE RELX opened at $35.50 on Monday. The company’s 50-day simple moving average is $34.56 and its 200 day simple moving average is $33.96. Relx has a twelve month low of $27.57 and a twelve month high of $48.40. The company has a debt-to-equity ratio of 5.23, a current ratio of 0.45 and a quick ratio of 0.40.

Relx Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be issued a $0.2785 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a dividend yield of 157.0%.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.