Relx Plc (NYSE:RELX) Given Average Recommendation of “Buy” by Brokerages

Relx Plc (NYSE:RELX) has been assigned an average recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms have weighed in on RELX. Morgan Stanley restated an “overweight” rating on shares of Relx in a research report on Thursday, September 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Relx in a research report on Wednesday, October 8th. Barclays reiterated an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Kepler Capital Markets upgraded Relx from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th.

Relx Trading Up 0.7%

Shares of RELX stock opened at $45.15 on Thursday. 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 has a 52-week low of $44.19 and a 52-week high of $56.33. The company has a market capitalization of $82.51 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 2.92 and a beta of 0.87. The business’s fifty day moving average is $47.09 and its 200 day moving average is $50.78.

Relx Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th were given a dividend of $0.2634 per share. The ex-dividend date was Friday, August 8th. This represents a dividend yield of 170.0%. Relx’s dividend payout ratio is 28.49%.

Hedge Funds Weigh In On Relx

Institutional investors have recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in shares of Relx by 612.5% in the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock worth $26,000 after buying an additional 441 shares during the period. WPG Advisers LLC purchased a new position in shares of Relx in the first quarter worth about $28,000. Golden State Wealth Management LLC increased its holdings in shares of Relx by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock worth $30,000 after buying an additional 294 shares during the period. NewSquare Capital LLC increased its holdings in shares of Relx by 522.0% in the second quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock worth $31,000 after buying an additional 475 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Relx by 99.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock worth $33,000 after buying an additional 303 shares during the period. 15.02% of the stock is currently owned by institutional investors.

About Relx

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.