Relx Plc (NYSE:RELX) Given Consensus Rating of “Moderate Buy” by Brokerages

Relx Plc (NYSE:RELX) has received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts recently commented on the stock. Citigroup upgraded shares of Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley restated an “overweight” rating on shares of Relx in a research note on Monday, February 2nd. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of Relx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th.

Relx Price Performance

RELX stock opened at $33.92 on Thursday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. The company’s 50-day simple moving average is $32.79 and its 200 day simple moving average is $39.16. Relx has a 52 week low of $27.57 and a 52 week high of $56.33.

Relx (NYSE:RELX) last released its quarterly earnings results on Wednesday, February 11th. The technology company reported $42.81 EPS for the quarter, beating the consensus estimate of $0.85 by $41.96. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $6.70 billion. Sell-side analysts forecast that Relx will post 1.68 earnings per share for the current fiscal year.

Relx Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.6559 per share. This represents a yield of 422.0%. The ex-dividend date is Friday, May 8th.

Institutional Investors Weigh In On Relx

Large investors have recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Relx during the fourth quarter worth about $26,000. Salomon & Ludwin LLC grew its stake in Relx by 1,646.2% during the third quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock worth $32,000 after buying an additional 642 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Relx by 191.7% during the third quarter. Nisa Investment Advisors LLC now owns 700 shares of the technology company’s stock worth $33,000 after buying an additional 460 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Relx during the second quarter worth about $38,000. Finally, Cornerstone Planning Group LLC grew its stake in Relx by 2,574.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock worth $27,000 after buying an additional 695 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

About Relx

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.