Relx Plc (NYSE:RELX) Receives Consensus Recommendation of “Buy” from Analysts

Relx Plc (NYSE:RELX) has been assigned an average rating of “Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

A number of equities analysts have recently weighed in on the stock. Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th. The Goldman Sachs Group assumed coverage on shares of Relx in a research note on Wednesday, March 26th. They issued a “buy” rating on the stock. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research note on Wednesday, April 16th.

Institutional Investors Weigh In On Relx

A number of large investors have recently bought and sold shares of the business. Private Trust Co. NA boosted its holdings in Relx by 19.2% in the fourth quarter. Private Trust Co. NA now owns 1,237 shares of the technology company’s stock worth $56,000 after purchasing an additional 199 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Relx by 1.5% in the first quarter. Bleakley Financial Group LLC now owns 14,147 shares of the technology company’s stock worth $713,000 after purchasing an additional 207 shares in the last quarter. Bridgewater Advisors Inc. boosted its holdings in Relx by 2.1% in the first quarter. Bridgewater Advisors Inc. now owns 11,463 shares of the technology company’s stock worth $617,000 after purchasing an additional 238 shares in the last quarter. Sage Mountain Advisors LLC boosted its holdings in Relx by 5.1% in the fourth quarter. Sage Mountain Advisors LLC now owns 5,292 shares of the technology company’s stock worth $240,000 after purchasing an additional 258 shares in the last quarter. Finally, DRW Securities LLC boosted its holdings in Relx by 5.9% in the fourth quarter. DRW Securities LLC now owns 4,652 shares of the technology company’s stock worth $211,000 after purchasing an additional 259 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors.

Relx Trading Down 0.4%

NYSE RELX opened at $53.84 on Monday. Relx has a 1-year low of $42.77 and a 1-year high of $55.21. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $99.65 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86. The firm’s fifty day simple moving average is $50.59 and its 200-day simple moving average is $48.72.

Relx Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be issued a $0.5586 dividend. The ex-dividend date of this dividend is Friday, May 9th. This is a boost from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. Relx’s dividend payout ratio is currently 59.68%.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.