RELX PLC (NYSE:RELX) Receives Average Rating of “Buy” from Analysts

RELX PLC (NYSE:RELX) has been assigned an average rating of “Buy” from the four brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a buy recommendation.

Several equities research analysts recently issued reports on RELX shares. Morgan Stanley reiterated an “overweight” rating on shares of RELX in a report on Thursday, September 11th. Wall Street Zen downgraded RELX from a “buy” rating to a “hold” rating in a report on Friday, September 5th.

RELX Stock Performance

Shares of RELX stock opened at $46.68 on Friday. RELX has a 52 week low of $44.19 and a 52 week high of $56.33. The business’s fifty day simple moving average is $49.53 and its 200-day simple moving average is $51.09. The firm has a market cap of $85.55 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 3.06 and a beta of 0.87. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55.

RELX Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th were issued a dividend of $0.2634 per share. The ex-dividend date was Friday, August 8th. This represents a yield of 170.0%. RELX’s dividend payout ratio is 28.49%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bleakley Financial Group LLC boosted its position in shares of RELX by 1.5% during the 1st quarter. Bleakley Financial Group LLC now owns 14,147 shares of the technology company’s stock worth $713,000 after acquiring an additional 207 shares in the last quarter. Frank Rimerman Advisors LLC boosted its position in shares of RELX by 3.5% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 6,866 shares of the technology company’s stock worth $373,000 after acquiring an additional 230 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of RELX by 1.0% during the 2nd quarter. Venturi Wealth Management LLC now owns 24,476 shares of the technology company’s stock worth $1,330,000 after acquiring an additional 232 shares in the last quarter. Whipplewood Advisors LLC boosted its position in shares of RELX by 15.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,719 shares of the technology company’s stock valued at $93,000 after purchasing an additional 233 shares during the period. Finally, Cynosure Group LLC boosted its position in shares of RELX by 3.5% in the 1st quarter. Cynosure Group LLC now owns 6,951 shares of the technology company’s stock valued at $350,000 after purchasing an additional 236 shares during the period. 15.02% of the stock is 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.