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

Relx Plc (NYSE:RELX) has been given an average rating of “Moderate Buy” by the eight analysts that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research firms have recently weighed in on RELX. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings raised Relx from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. The Goldman Sachs Group initiated coverage on Relx in a report on Wednesday, June 3rd. They issued a “buy” rating for the company. Morgan Stanley lowered Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. Finally, Barclays restated an “overweight” rating on shares of Relx in a research note on Friday, July 24th.

Relx Price Performance

RELX stock opened at $35.55 on Thursday. Relx has a 12-month low of $27.57 and a 12-month high of $48.97. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 5.23. The stock’s 50 day simple moving average is $33.50 and its 200 day simple moving average is $33.83.

Relx Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be given a dividend of $0.2785 per share. The ex-dividend date is Friday, August 7th. This represents a yield of 157.0%.

Institutional Investors Weigh In On Relx

A number of hedge funds have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Relx in the 4th quarter worth $26,000. Cornerstone Planning Group LLC boosted its position in shares of 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 acquiring an additional 695 shares during the last quarter. Transamerica Financial Advisors LLC grew its stake in Relx by 3,040.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock valued at $32,000 after acquiring an additional 760 shares in the last quarter. Whipplewood Advisors LLC grew its stake in Relx by 2,468.4% during the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock valued at $32,000 after acquiring an additional 938 shares in the last quarter. Finally, Manchester Capital Management LLC increased its holdings in Relx by 1,823.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,003 shares during the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Company Profile

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.