Relx Plc (NYSE:RELX) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Analysts have given Relx Plc a consensus recommendation of "Buy", with four analysts rating it as a buy and one as a strong buy.
• Relx's current stock price is $52.71, having a market capitalization of $96.81 billion and a P/E ratio of 28.34.
• Institutional investors have significantly increased their holdings in Relx, with Larson Financial Group raising their position by 612.5% during the first quarter.

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

RELX has been the subject of a number of recent research reports. Wall Street Zen raised Relx from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research note on Wednesday, April 16th.

Hedge Funds Weigh In On Relx

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in shares of Relx by 4.2% in the fourth quarter. Bank of America Corp DE now owns 6,246,462 shares of the technology company's stock worth $283,714,000 after purchasing an additional 253,107 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Relx by 1.2% in the 4th quarter. Lazard Asset Management LLC now owns 4,224,334 shares of the technology company's stock valued at $191,868,000 after buying an additional 48,793 shares during the period. Goldman Sachs Group Inc. increased its stake in Relx by 4.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,072,342 shares of the technology company's stock worth $205,287,000 after purchasing an additional 173,976 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Relx by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,189,886 shares of the technology company's stock valued at $144,885,000 after purchasing an additional 121,831 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Relx by 8.3% during the first quarter. Ameriprise Financial Inc. now owns 3,041,132 shares of the technology company's stock worth $154,129,000 after purchasing an additional 234,094 shares during the period. Institutional investors own 15.02% of the company's stock.

Relx Price Performance

RELX traded up $0.27 during trading on Friday, reaching $52.04. 283,896 shares of the company traded hands, compared to its average volume of 779,247. Relx has a 12-month low of $43.45 and a 12-month high of $56.33. The company has a market cap of $95.58 billion, a P/E ratio of 27.99, a PEG ratio of 3.44 and a beta of 0.83. The firm has a fifty day simple moving average of $53.57 and a 200 day simple moving average of $51.45. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47.

Relx Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.2634 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a dividend yield of 1.7%. Relx's dividend payout ratio is currently 65.05%.

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.