Relx Plc (NYSE:RELX) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• RELX has a “Moderate Buy” consensus among eight analysts: four recommend buying, three rate it a hold, and one assigns a strong-buy rating. Recent coverage included a new buy rating from Goldman Sachs and an overweight rating from Barclays, offset by downgrades from Morgan Stanley and Wall Street Zen.
• RELX shares opened at $36.50, compared with a 52-week range of $27.57 to $48.40, while the 50-day and 200-day moving averages were $34.08 and $33.75, respectively.
• The company declared a dividend of $0.2785 per share, payable September 15 to shareholders of record August 7. Institutional investors own 15.02% of RELX, with several smaller investment firms recently increasing their positions.

Shares of Relx Plc (NYSE:RELX - Get Free Report) have been given an average rating of "Moderate Buy" by the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities research analysts recently weighed in on RELX shares. The Goldman Sachs Group began coverage on shares of Relx in a research note on Wednesday, June 3rd. They set a "buy" rating on the stock. Wall Street Zen lowered shares of Relx from a "buy" rating to a "hold" rating in a research report on Sunday, May 17th. Barclays reissued an "overweight" rating on shares of Relx in a research note on Friday, July 24th. Morgan Stanley lowered shares of Relx from an "overweight" rating to an "equal weight" rating in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Relx from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 7th.

Relx Price Performance

Relx stock opened at $36.50 on Monday. Relx has a 1 year low of $27.57 and a 1 year high of $48.40. 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 firm has a 50 day moving average price of $34.08 and a 200 day moving average price of $33.75.

Relx Cuts Dividend

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

Institutional Trading of Relx

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

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.

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