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

Relx Plc (NYSE:RELX) has received an average rating of “Buy” from the five analysts that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of Relx from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a report on Wednesday, April 16th.

Relx Stock Down 0.3%

Shares of RELX opened at $51.76 on Friday. Relx has a 12 month low of $43.45 and a 12 month high of $56.33. The firm’s 50 day moving average is $53.45 and its 200-day moving average is $51.45. The stock has a market capitalization of $95.07 billion, a PE ratio of 27.83, a P/E/G ratio of 3.39 and a beta of 0.83. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55.

Relx Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its stake in shares of Relx by 11.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 17,761 shares of the technology company’s stock worth $807,000 after buying an additional 1,756 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Relx by 5.1% during the fourth quarter. American Century Companies Inc. now owns 405,100 shares of the technology company’s stock worth $18,400,000 after buying an additional 19,728 shares during the last quarter. Sei Investments Co. grew its stake in shares of Relx by 3.8% during the fourth quarter. Sei Investments Co. now owns 327,134 shares of the technology company’s stock worth $14,859,000 after buying an additional 12,034 shares during the last quarter. LPL Financial LLC grew its stake in shares of Relx by 20.9% during the fourth quarter. LPL Financial LLC now owns 230,589 shares of the technology company’s stock worth $10,473,000 after buying an additional 39,882 shares during the last quarter. Finally, Congress Wealth Management LLC DE grew its stake in shares of Relx by 8.7% during the fourth quarter. Congress Wealth Management LLC DE now owns 9,630 shares of the technology company’s stock worth $437,000 after buying an additional 772 shares during the last quarter. 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.