Relx (NYSE:RELX) Upgraded at Wall Street Zen

Key Points

• Research analysts at Wall Street Zen upgraded Relx from a "hold" rating to a "buy" rating, reflecting increased confidence in the company's stock performance.
• Morgan Stanley reaffirmed an "overweight" rating on Relx shares, contributing to a positive outlook with several analysts rating the stock as a buy.
• Relx's current stock price is around $52.71, with a market capitalization of $96.81 billion and a P/E ratio of 28.34.

Wall Street Zen upgraded shares of Relx (NYSE:RELX - Free Report) from a hold rating to a buy rating in a research report report published on Saturday.

Separately, Morgan Stanley reissued an "overweight" rating on shares of Relx in a report on Wednesday, April 16th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Relx has an average rating of "Buy".

Relx Stock Up 0.4%

NYSE:RELX traded up $0.20 during mid-day trading on Friday, hitting $51.97. 1,237,704 shares of the company's stock traded hands, compared to its average volume of 973,722. The company has a fifty day moving average of $53.51 and a 200 day moving average of $51.45. Relx has a twelve month low of $43.45 and a twelve month high of $56.33. The company has a market capitalization of $95.45 billion, a P/E ratio of 27.94, a P/E/G ratio of 3.38 and a beta of 0.83. 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 announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be issued a dividend of $0.2634 per share. This represents a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 8th. Relx's dividend payout ratio (DPR) is 65.05%.

Institutional Trading of Relx

Several hedge funds and other institutional investors have recently bought and sold shares of RELX. Larson Financial Group LLC grew its holdings in Relx by 612.5% during the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock worth $26,000 after acquiring an additional 441 shares during the period. WPG Advisers LLC acquired a new stake in Relx during the first quarter worth about $28,000. Golden State Wealth Management LLC grew its holdings in Relx by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock worth $30,000 after acquiring an additional 294 shares during the period. Cornerstone Planning Group LLC grew its holdings in Relx by 325.2% during the first quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company's stock worth $37,000 after acquiring an additional 530 shares during the period. Finally, Harbor Asset Planning Inc. acquired a new stake in Relx during the second quarter worth about $37,000. 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.