Relx Plc (NYSE:RELX) Receives Average Rating of “Buy” from Analysts

Shares of Relx Plc (NYSE:RELX) have been given a consensus rating of “Buy” by the five research firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.

Separately, Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Friday, September 5th.

Relx Price Performance

Shares of NYSE:RELX opened at $46.53 on Friday. The company’s fifty day moving average is $49.80 and its 200 day moving average is $51.11. Relx has a 52 week low of $44.19 and a 52 week high of $56.33. The stock has a market cap of $85.36 billion, a PE ratio of 25.02, a PEG ratio of 3.02 and a beta of 0.87. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55.

Relx Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be paid a dividend of $0.2634 per share. This represents a yield of 170.0%. The ex-dividend date of this dividend is Friday, August 8th. Relx’s dividend payout ratio (DPR) is presently 28.49%.

Institutional Investors Weigh In On Relx

Several large investors have recently added to or reduced their stakes in RELX. Goldman Sachs Group Inc. increased its stake in Relx by 4.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,072,342 shares of the technology company’s stock valued at $205,287,000 after purchasing an additional 173,976 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Relx by 10.0% during the second quarter. Ameriprise Financial Inc. now owns 3,344,134 shares of the technology company’s stock worth $181,569,000 after buying an additional 303,002 shares in the last quarter. Northern Trust Corp lifted its holdings in Relx by 9.2% during the first quarter. Northern Trust Corp now owns 2,394,097 shares of the technology company’s stock valued at $120,686,000 after purchasing an additional 202,509 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Relx by 5.5% during the second quarter. Captrust Financial Advisors now owns 1,596,711 shares of the technology company’s stock valued at $86,765,000 after purchasing an additional 83,196 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in shares of Relx by 622.0% in the second quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock valued at $73,369,000 after buying an additional 1,163,189 shares during the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.