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

Shares of Relx Plc (NYSE:RELX) have been given an average recommendation of “Buy” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.

RELX has been the topic of a number of analyst reports. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. The Goldman Sachs Group assumed coverage on shares of Relx in a research report on Wednesday, March 26th. They set a “buy” rating on the stock. Barclays raised Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th. Morgan Stanley restated an “overweight” rating on shares of Relx in a research report on Wednesday. Finally, Redburn Atlantic assumed coverage on Relx in a report on Wednesday, January 8th. They issued a “buy” rating for the company.

Relx Stock Performance

NYSE:RELX opened at $52.20 on Thursday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. Relx has a fifty-two week low of $40.25 and a fifty-two week high of $52.54. The company has a 50 day simple moving average of $49.37 and a two-hundred day simple moving average of $48.01. The company has a market capitalization of $96.61 billion, a PE ratio of 28.06, a P/E/G ratio of 2.73 and a beta of 0.84.

Relx Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be given a dividend of $0.5586 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 9th. This is a boost from Relx’s previous semi-annual dividend of $0.23. Relx’s dividend payout ratio is 59.68%.

Institutional Trading of Relx

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its holdings in shares of Relx by 1,290.2% during the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock valued at $26,000 after acquiring an additional 529 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Relx in the 4th quarter valued at $31,000. Transce3nd LLC bought a new stake in Relx during the 4th quarter valued at $40,000. Sierra Ocean LLC acquired a new position in Relx during the fourth quarter worth $43,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Relx by 218.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company’s stock valued at $44,000 after buying an additional 662 shares in the last quarter. 15.02% of the stock is owned by institutional investors.

About Relx

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.