Relx Plc (NYSE:RELX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Relx Plc (NYSE:RELX) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company.

A number of brokerages recently commented on RELX. Morgan Stanley lowered Relx from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 7th. The Goldman Sachs Group began coverage on Relx in a research report on Wednesday, June 3rd. They set a “buy” rating for the company. Barclays reiterated an “overweight” rating on shares of Relx in a research note on Friday, July 24th. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Weiss Ratings upgraded shares of Relx from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Relx in the 4th quarter worth approximately $26,000. Cornerstone Planning Group LLC grew its holdings in Relx by 2,574.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after purchasing an additional 695 shares during the period. Transamerica Financial Advisors LLC grew its holdings in Relx by 3,040.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock valued at $32,000 after purchasing an additional 760 shares during the period. Whipplewood Advisors LLC increased its position in Relx by 2,468.4% in the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock worth $32,000 after buying an additional 938 shares during the last quarter. Finally, Manchester Capital Management LLC increased its position in Relx by 1,823.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock worth $43,000 after buying an additional 1,003 shares during the last quarter. 15.02% of the stock is owned by institutional investors.

Relx Stock Performance

Shares of NYSE RELX opened at $34.58 on Thursday. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45. The stock’s 50 day moving average price is $33.60 and its 200-day moving average price is $33.67. Relx has a twelve month low of $27.57 and a twelve month high of $48.97.

Relx Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 7th will be given a $0.2785 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a 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.