Relx Plc (NYSE:RELX) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• RELX has a “Moderate Buy” consensus rating from nine analysts: five recommend buying, three suggest holding, and one gives a strong-buy rating.
• The stock opened at $33.51, versus a 12-month range of $27.57 to $47.97, with 50-day and 200-day moving averages of $35.02 and $34.09, respectively.
• RELX recently reduced its dividend to $0.2785 per share from $0.6559, while institutional investors and hedge funds collectively own 15.02% of the company.

Relx Plc (NYSE:RELX - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several equities analysts recently issued reports on the company. The Goldman Sachs Group started coverage on Relx in a research report on Wednesday, June 3rd. They issued a "buy" rating on the stock. Weiss Ratings raised Relx from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 7th. TD Cowen began coverage on Relx in a research note on Thursday, September 10th. They set a "buy" rating on the stock. TD Securities raised Relx to a "strong-buy" rating in a report on Friday, September 11th. Finally, Barclays restated an "overweight" rating on shares of Relx in a research note on Friday, July 24th.

Relx Stock Up 0.9%

NYSE:RELX opened at $33.51 on Friday. Relx has a 12 month low of $27.57 and a 12 month high of $47.97. The firm has a fifty day simple moving average of $35.02 and a 200-day simple moving average of $34.09. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 5.23.

Relx Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 7th were issued a $0.2785 dividend. This is a drop from Relx's previous dividend of $0.6559. The ex-dividend date was Friday, August 7th. This represents a yield of 157.0%.

Institutional Trading of Relx

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital International Investors increased its stake in shares of Relx by 66.7% in the fourth quarter. Capital International Investors now owns 10,662,595 shares of the technology company's stock worth $433,887,000 after acquiring an additional 4,264,474 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Relx by 185.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company's stock valued at $140,955,000 after purchasing an additional 2,763,766 shares during the period. Bank of America Corp DE boosted its holdings in Relx by 14.3% in the first quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company's stock valued at $138,568,000 after purchasing an additional 522,619 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Relx by 12.1% in the first quarter. Lazard Asset Management LLC now owns 3,040,217 shares of the technology company's stock valued at $100,783,000 after purchasing an additional 328,282 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in Relx by 11.9% during the 4th quarter. Clearbridge Investments LLC now owns 1,684,028 shares of the technology company's stock worth $68,068,000 after purchasing an additional 179,677 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

About Relx

RELX plc is a global information and analytics company that provides data, research, software and professional services to customers in the scientific, technical, medical, legal, business and government sectors. The company serves organizations and professionals that use specialized information to support research, manage risk, make decisions and improve operational performance.

RELX operates through four principal business areas: Risk, Business Services, Legal, and Scientific, Technical & Medical.

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