Relx Plc (NYSE:RELX) Given Average Rating of “Buy” by Brokerages

Relx Plc (NYSE:RELX) has earned a consensus rating of “Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.

A number of research firms have commented on RELX. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a report on Wednesday, April 16th. Wall Street Zen upgraded Relx from a “hold” rating to a “buy” rating in a research report on Saturday.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RELX. Larson Financial Group LLC increased its holdings in shares of Relx by 612.5% in the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock worth $26,000 after acquiring an additional 441 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of Relx in the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC grew its position in shares of Relx by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock valued at $30,000 after purchasing an additional 294 shares during the period. Cornerstone Planning Group LLC increased its stake in Relx by 325.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company’s stock worth $37,000 after purchasing an additional 530 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in Relx during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Trading Down 1.7%

RELX opened at $51.81 on Friday. The firm has a 50 day simple moving average of $53.57 and a 200 day simple moving average of $51.45. Relx has a fifty-two week low of $43.45 and a fifty-two week high of $56.33. The company has a market cap of $95.16 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 3.44 and a beta of 0.83. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42.

Relx Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be given a $0.2634 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a dividend yield of 1.7%. Relx’s dividend payout ratio is 65.05%.

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.