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

Shares of Relx Plc (NYSE:RELX) have been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. Three 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.

A number of equities analysts have commented on RELX shares. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings upgraded Relx from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. The Goldman Sachs Group began coverage on Relx in a report on Wednesday, June 3rd. They issued a “buy” rating for the company. Morgan Stanley downgraded Relx from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 7th. Finally, Barclays reaffirmed an “overweight” rating on shares of Relx in a research report on Friday, July 24th.

Relx Stock Performance

Shares of NYSE:RELX opened at $35.59 on Thursday. The business has a 50 day simple moving average of $33.52 and a two-hundred day simple moving average of $33.74. Relx has a 1 year low of $27.57 and a 1 year high of $48.97. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45.

Relx Cuts Dividend

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

Hedge Funds Weigh In On Relx

A number of large investors have recently made changes to their positions in the business. Lazard Asset Management LLC boosted its position in Relx by 12.1% during the first quarter. Lazard Asset Management LLC now owns 3,040,217 shares of the technology company’s stock worth $100,783,000 after acquiring an additional 328,282 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Relx by 697.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 159,681 shares of the technology company’s stock valued at $5,306,000 after acquiring an additional 139,663 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Relx by 14.3% during the 1st quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company’s stock worth $138,568,000 after purchasing an additional 522,619 shares during the period. M&T Bank Corp lifted its stake in shares of Relx by 448.5% during the 4th quarter. M&T Bank Corp now owns 199,046 shares of the technology company’s stock worth $8,045,000 after purchasing an additional 162,755 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Relx by 21.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 217,443 shares of the technology company’s stock worth $8,789,000 after purchasing an additional 38,086 shares during the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

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.