Relx Plc (NYSE:RELX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Relx Plc (NYSE:RELXGet Rating) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $2,790.00.

A number of research analysts have commented on RELX shares. StockNews.com started coverage on Relx in a report on Wednesday, July 27th. They set a “hold” rating on the stock. Barclays increased their price target on Relx from GBX 2,650 ($32.02) to GBX 2,785 ($33.65) in a research report on Friday, September 16th. Morgan Stanley increased their price target on Relx from GBX 2,750 ($33.23) to GBX 2,860 ($34.56) in a research report on Wednesday, July 20th. Credit Suisse Group increased their price target on Relx from GBX 2,650 ($32.02) to GBX 2,805 ($33.89) in a research report on Friday, July 29th. Finally, UBS Group increased their price target on Relx from GBX 2,615 ($31.60) to GBX 2,700 ($32.62) in a research report on Friday, July 29th.

Relx Trading Down 2.0 %

NYSE:RELX opened at $24.39 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.51 and a debt-to-equity ratio of 1.64. The business’s 50 day moving average is $27.55 and its two-hundred day moving average is $28.36. Relx has a 52 week low of $24.36 and a 52 week high of $32.71.

Relx Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 13th. Stockholders of record on Friday, August 5th were paid a dividend of $0.4443 per share. This represents a dividend yield of 2.1%. The ex-dividend date was Thursday, August 4th.

Institutional Investors Weigh In On Relx

Several large investors have recently modified their holdings of RELX. Citigroup Inc. boosted its stake in shares of Relx by 566.5% during the 4th quarter. Citigroup Inc. now owns 116,063 shares of the technology company’s stock worth $3,786,000 after acquiring an additional 98,649 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Relx by 68.7% in the fourth quarter. JPMorgan Chase & Co. now owns 447,458 shares of the technology company’s stock worth $14,592,000 after buying an additional 182,212 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Relx in the fourth quarter worth $247,000. Rockefeller Capital Management L.P. boosted its position in shares of Relx by 306.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 431,286 shares of the technology company’s stock worth $14,022,000 after buying an additional 325,258 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Relx by 10.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,373,215 shares of the technology company’s stock worth $77,391,000 after buying an additional 227,606 shares during the period. 3.63% of the stock is owned by institutional investors.

About Relx

(Get Rating)

RELX PLC provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.

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Analyst Recommendations for Relx (NYSE:RELX)

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