RELX PLC (NYSE:RELX) Given Average Rating of "Buy" by Analysts

Key Points

• Relx Plc has received a consensus recommendation of "Buy" from five analysts, with four recommending a buy and one a strong buy.
• Institutional investors have recently increased their stakes significantly, with notable increases such as a 612.5% rise by Larson Financial Group LLC in the first quarter.
• The company announced a semi-annual dividend of $0.2634 per share, representing a yield of 170.0%, with the ex-dividend date set for August 8th.

RELX PLC (NYSE:RELX - Get Free Report) has been assigned a consensus rating of "Buy" from the five brokerages that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.

Separately, Wall Street Zen raised shares of RELX from a "hold" rating to a "buy" rating in a report on Saturday, July 26th.

RELX Price Performance

Shares of RELX stock traded up $0.2240 during trading on Wednesday, hitting $48.4140. The stock had a trading volume of 1,426,765 shares, compared to its average volume of 1,523,458. The firm has a market cap of $88.81 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 3.16 and a beta of 0.88. RELX has a 12 month low of $44.19 and a 12 month high of $56.33. The business's 50-day moving average is $51.69 and its 200 day moving average is $51.50. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55.

RELX Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be given a dividend of $0.2634 per share. This represents a dividend yield of 170.0%. The ex-dividend date is Friday, August 8th. RELX's dividend payout ratio (DPR) is 28.49%.

Institutional Trading of RELX

Large investors have recently modified their holdings of the business. Larson Financial Group LLC boosted its position in shares of RELX by 612.5% during the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock valued at $26,000 after acquiring an additional 441 shares during the last quarter. WPG Advisers LLC bought a new stake in shares of RELX during the 1st quarter valued at about $28,000. Golden State Wealth Management LLC boosted its position in shares of RELX by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock valued at $30,000 after acquiring an additional 294 shares during the last quarter. NewSquare Capital LLC boosted its position in shares of RELX by 522.0% during the 2nd quarter. NewSquare Capital LLC now owns 566 shares of the technology company's stock valued at $31,000 after acquiring an additional 475 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of RELX by 99.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company's stock valued at $33,000 after acquiring an additional 303 shares during the last quarter. Institutional investors own 15.02% of the company's stock.

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.