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 brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.

Several equities research analysts recently issued reports on the company. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Morgan Stanley restated an “overweight” rating on shares of Relx in a research report on Wednesday. The Goldman Sachs Group began coverage on shares of Relx in a research note on Wednesday, March 26th. They set a “buy” rating on the stock. Redburn Atlantic initiated coverage on shares of Relx in a research report on Wednesday, January 8th. They issued a “buy” rating for the company. Finally, Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th.

Relx Price Performance

NYSE:RELX opened at $52.20 on Thursday. Relx has a 52 week low of $40.25 and a 52 week high of $52.54. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The firm’s 50-day simple moving average is $49.37 and its 200 day simple moving average is $48.01. The firm has a market cap of $96.61 billion, a price-to-earnings 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. Investors of record on Friday, May 9th will be paid a $0.5586 dividend. This is an increase from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. This represents a yield of 1.6%. Relx’s dividend payout ratio is presently 59.68%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in Relx by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after acquiring an additional 104,999 shares during the last quarter. LGT Group Foundation bought a new position in Relx in the 4th quarter valued at approximately $257,000. Paradigm Asset Management Co. LLC boosted its position in Relx by 17.1% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 81,600 shares of the technology company’s stock worth $3,706,000 after buying an additional 11,900 shares during the period. Smartleaf Asset Management LLC grew its holdings in Relx by 120.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 12,066 shares of the technology company’s stock worth $548,000 after acquiring an additional 6,588 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in Relx in the 4th quarter valued at approximately $301,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

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.