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

Relx Plc (NYSE:RELX) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company.

RELX has been the subject of several research reports. Morgan Stanley restated an “overweight” rating on shares of Relx in a research report on Monday, February 2nd. Citigroup started coverage on Relx in a research report on Monday, January 12th. They set a “neutral” rating for the company. Zacks Research cut Relx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th.

Institutional Investors Weigh In On Relx

A number of hedge funds and other institutional investors have recently modified their holdings of RELX. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Relx in the fourth quarter valued at approximately $26,000. Cornerstone Planning Group LLC boosted its position 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 acquiring an additional 695 shares during the last quarter. Salomon & Ludwin LLC grew its stake in Relx by 1,646.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock worth $32,000 after acquiring an additional 642 shares during the period. Transamerica Financial Advisors LLC grew its stake in Relx by 3,040.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after acquiring an additional 760 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Relx by 191.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 700 shares of the technology company’s stock valued at $33,000 after acquiring an additional 460 shares during the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Trading Down 0.0%

Shares of RELX opened at $34.17 on Friday. 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 has a 50-day moving average of $35.58 and a two-hundred day moving average of $40.85. Relx has a 12-month low of $27.57 and a 12-month high of $56.33.

Relx (NYSE:RELX) last released its quarterly earnings results on Thursday, February 12th. The technology company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.42). The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $6.70 billion. As a group, equities research analysts expect that Relx will post 1.68 earnings per share for the current fiscal year.

Relx Dividend Announcement

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

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.