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

Relx Plc (NYSE:RELX) has received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Three 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 subject of a number of recent analyst reports. TD Cowen started coverage on Relx in a report on Thursday, September 10th. They set a “buy” rating for the company. The Goldman Sachs Group assumed coverage on Relx in a research report on Wednesday, June 3rd. They set a “buy” rating on the stock. TD Securities upgraded shares of Relx to a “strong-buy” rating in a research note on Friday, September 11th. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Finally, Weiss Ratings raised Relx from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th.

Relx Stock Performance

RELX stock opened at $33.24 on Friday. Relx has a 12-month low of $27.57 and a 12-month high of $47.97. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 5.23. The business’s fifty day moving average price is $35.01 and its 200 day moving average price is $34.04.

Relx Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 7th were given a dividend of $0.2785 per share. This represents a dividend yield of 157.0%. The ex-dividend date was Friday, August 7th. This is a decrease from Relx’s previous dividend of $0.6559.

Institutional Investors Weigh In On Relx

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC boosted its position in Relx by 12.1% during the first quarter. Lazard Asset Management LLC now owns 3,040,217 shares of the technology company’s stock worth $100,783,000 after acquiring an additional 328,282 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Relx by 14.3% in the 1st quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company’s stock valued at $138,568,000 after purchasing an additional 522,619 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Relx by 697.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 159,681 shares of the technology company’s stock valued at $5,306,000 after purchasing an additional 139,663 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Relx by 185.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock valued at $140,955,000 after buying an additional 2,763,766 shares during the period. Finally, Evelyn Partners Asset Management Ltd grew its stake in shares of Relx by 53.6% during the 1st quarter. Evelyn Partners Asset Management Ltd now owns 157,612 shares of the technology company’s stock valued at $5,225,000 after buying an additional 55,028 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

About Relx

RELX plc is a global information and analytics company that provides specialized content, data, software, and decision-support tools to professional and business customers. Its products are designed to help customers work more efficiently, manage risk, conduct research, comply with regulations, and make informed decisions.

The company operates through several major business areas. Elsevier serves the scientific, technical, and medical markets with research journals, books, databases, and analytical tools.