Relx Plc (NYSE:RELX) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Relx Plc (NYSE:RELX – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company.

RELX has been the topic of several research analyst reports. Weiss Ratings upgraded Relx from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. TD Securities raised Relx to a “strong-buy” rating in a report on Friday, September 11th. The Goldman Sachs Group assumed coverage on Relx in a research report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Finally, TD Cowen started coverage on shares of Relx in a report on Thursday, September 10th. They issued a “buy” rating on the stock.

Read Our Latest Report on Relx

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Relx in the fourth quarter valued at $26,000. Whipplewood Advisors LLC raised its stake in shares of Relx by 2,468.4% during the 1st quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock valued at $32,000 after buying an additional 938 shares during the last quarter. Manchester Capital Management LLC raised its stake in shares of Relx by 1,823.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock valued at $43,000 after buying an additional 1,003 shares during the last quarter. Palladiem LLC acquired a new position in shares of Relx in the 4th quarter valued at about $44,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Relx in the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Stock Down 0.1%

Shares of RELX opened at $33.49 on Friday. The company has a debt-to-equity ratio of 5.23, a current ratio of 0.45 and a quick ratio of 0.40. The company’s fifty day moving average price is $35.02 and its 200-day moving average price is $34.07. Relx has a 1-year low of $27.57 and a 1-year high of $47.97.

Relx Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th were issued a $0.2785 dividend. This is a decrease from Relx’s previous dividend of $0.6559. The ex-dividend date of this dividend was Friday, August 7th. This represents a dividend yield of 157.0%.

About Relx

(Get Free Report)

RELX plc is a global information and analytics company that provides data, research, software and professional services to customers in the scientific, technical, medical, legal, business and government sectors. The company serves organizations and professionals that use specialized information to support research, manage risk, make decisions and improve operational performance.

RELX operates through four principal business areas: Risk, Business Services, Legal, and Scientific, Technical & Medical.

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Analyst Recommendations for Relx (NYSE:RELX)

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