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

Shares of Relx Plc (NYSE:RELX) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Three research 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.

Several research firms have recently weighed in on RELX. The Goldman Sachs Group assumed coverage on shares of Relx in a research report on Wednesday, June 3rd. They set a “buy” rating for the company. Weiss Ratings raised shares of Relx from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Wall Street Zen upgraded Relx from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Barclays reissued an “overweight” rating on shares of Relx in a research report on Friday, July 24th.

Hedge Funds Weigh In On Relx

Institutional investors have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Relx during the 4th quarter worth approximately $26,000. Cornerstone Planning Group LLC lifted its position in shares of Relx by 2,574.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after acquiring an additional 695 shares during the period. Transamerica Financial Advisors LLC boosted 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 worth $32,000 after acquiring an additional 760 shares in the last quarter. Whipplewood Advisors LLC boosted 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 worth $32,000 after acquiring an additional 938 shares in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in Relx by 1,823.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,003 shares during the period. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Stock Performance

Shares of NYSE RELX opened at $35.50 on Monday. Relx has a 52-week low of $27.57 and a 52-week high of $48.40. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45. The company’s 50 day moving average price is $34.56 and its 200-day moving average price is $33.98.

Relx Cuts Dividend

The firm also recently announced 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 dividend yield of 157.0%.

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.