Relx Plc (NYSE:RELX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Relx Plc (NYSE:RELX) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company.

A number of equities research analysts have recently weighed in on RELX shares. Citigroup started coverage on Relx in a research note on Monday, January 12th. They issued a “neutral” rating for the company. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Morgan Stanley restated an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th.

Institutional Investors Weigh In On Relx

Hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC boosted its position in Relx by 6.3% in the 3rd quarter. Global Retirement Partners LLC now owns 4,067 shares of the technology company’s stock valued at $194,000 after buying an additional 240 shares during the period. Huntington National Bank increased its position in shares of Relx by 5.1% during the third quarter. Huntington National Bank now owns 5,150 shares of the technology company’s stock worth $246,000 after acquiring an additional 250 shares during the period. Concurrent Investment Advisors LLC increased its position in shares of Relx by 3.2% during the third quarter. Concurrent Investment Advisors LLC now owns 8,039 shares of the technology company’s stock worth $384,000 after acquiring an additional 252 shares during the period. Bridgewater Advisors Inc. raised its stake in shares of Relx by 2.5% in the fourth quarter. Bridgewater Advisors Inc. now owns 11,084 shares of the technology company’s stock valued at $447,000 after acquiring an additional 267 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Relx by 7.4% in the second quarter. Geneos Wealth Management Inc. now owns 4,007 shares of the technology company’s stock valued at $218,000 after acquiring an additional 275 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Trading Up 0.2%

NYSE:RELX opened at $33.21 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. The company has a 50 day moving average price of $33.33 and a 200 day moving average price of $39.63. Relx has a fifty-two week low of $27.57 and a fifty-two week high of $56.33.

Relx (NYSE:RELX) last announced its earnings results on Wednesday, February 11th. The technology company reported $42.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $41.96. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $6.70 billion. As a group, equities analysts forecast that Relx will post 1.68 earnings per share for the current fiscal year.

Relx Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, June 24th. Investors of record on Friday, May 8th will be paid a dividend of $0.6559 per share. This represents a yield of 422.0%. The ex-dividend date of this dividend is Friday, May 8th.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.