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

Shares of Relx Plc (NYSE:RELX - Get Free Report) have earned a consensus rating of "Buy" from the five ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.

A number of equities analysts have issued reports on RELX shares. Barclays raised Relx from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 14th. StockNews.com cut shares of Relx from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Redburn Atlantic started coverage on Relx in a report on Wednesday, January 8th. They issued a "buy" rating for the company. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group started coverage on shares of Relx in a research note on Wednesday, March 26th. They set a "buy" rating for the company.

Institutional Trading of Relx

Large investors have recently modified their holdings of the company. CENTRAL TRUST Co increased its stake in shares of Relx by 1,290.2% in the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company's stock valued at $26,000 after purchasing an additional 529 shares during the period. Versant Capital Management Inc bought a new position in Relx in the 4th quarter worth approximately $31,000. Transce3nd LLC acquired a new stake in Relx in the 4th quarter valued at approximately $40,000. Sierra Ocean LLC bought a new stake in Relx during the 4th quarter valued at $43,000. Finally, Brown Brothers Harriman & Co. boosted its position in Relx by 218.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company's stock worth $44,000 after acquiring an additional 662 shares during the period. Institutional investors and hedge funds own 15.02% of the company's stock.

Relx Stock Up 1.0 %

Relx stock traded up $0.51 during midday trading on Thursday, hitting $52.58. 347,670 shares of the stock were exchanged, compared to its average volume of 670,029. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. The company has a 50 day moving average price of $49.39 and a two-hundred day moving average price of $48.06. The firm has a market cap of $97.32 billion, a P/E ratio of 28.28, a P/E/G ratio of 2.73 and a beta of 0.84. Relx has a 1 year low of $40.25 and a 1 year high of $52.86.

Relx Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be given a $0.5586 dividend. The ex-dividend date of this dividend is Friday, May 9th. This is a positive change from Relx's previous semi-annual dividend of $0.23. This represents a yield of 1.6%. Relx's dividend payout ratio (DPR) is currently 59.68%.

Relx Company Profile

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.