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

Key Points

• Relx Plc has received an average rating of "Buy" from six analysts, with five rating it as a buy and one as a strong buy.
• The company's latest semi-annual dividend of $0.2634 represents a significant yield of 170.0%, although the firm recently announced a cut in its dividend payout.
• Relx's stock performance shows it has a market cap of $84.01 billion and its shares traded at $45.84 as of the last report.

Shares of Relx Plc (NYSE:RELX - Get Free Report) have earned an average rating of "Buy" from the six analysts that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.

RELX has been the subject of a number of research reports. Morgan Stanley reissued an "overweight" rating on shares of Relx in a research note on Thursday, September 11th. Kepler Capital Markets raised Relx from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 18th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Relx in a report on Wednesday. Wall Street Zen cut Relx from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Finally, Barclays restated an "overweight" rating on shares of Relx in a research report on Tuesday.

Relx Stock Performance

Shares of RELX stock opened at $45.84 on Thursday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. The stock has a market cap of $84.01 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 2.96 and a beta of 0.87. The stock has a 50-day moving average of $47.49 and a 200-day moving average of $50.87. Relx has a one year low of $44.19 and a one year high of $56.33.

Relx Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th were given a $0.2634 dividend. This represents a yield of 170.0%. The ex-dividend date was Friday, August 8th. Relx's payout ratio is currently 28.49%.

Hedge Funds Weigh In On Relx

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bleakley Financial Group LLC lifted its stake in shares of 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 acquiring an additional 207 shares during the period. Frank Rimerman Advisors LLC grew its position in shares of Relx by 3.5% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 6,866 shares of the technology company's stock worth $373,000 after buying an additional 230 shares during the period. Venturi Wealth Management LLC grew its position in shares of Relx by 1.0% during the 2nd quarter. Venturi Wealth Management LLC now owns 24,476 shares of the technology company's stock worth $1,330,000 after buying an additional 232 shares during the period. Whipplewood Advisors LLC grew its position in shares of Relx by 15.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,719 shares of the technology company's stock worth $93,000 after buying an additional 233 shares during the period. Finally, Cynosure Group LLC grew its position in shares of Relx by 3.5% during the 1st quarter. Cynosure Group LLC now owns 6,951 shares of the technology company's stock worth $350,000 after buying an additional 236 shares during the period. 15.02% of the stock is owned by institutional investors and hedge funds.

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.

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