Relx PLC (NYSE:RELX) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company.
A number of equities research analysts recently weighed in on the stock. UBS Group reissued a “neutral” rating on shares of Relx in a research report on Wednesday, July 15th. Berenberg Bank reissued a “hold” rating on shares of Relx in a research report on Thursday, July 30th. Investec raised shares of Relx from a “sell” rating to a “hold” rating in a research report on Tuesday, June 16th. Zacks Investment Research raised shares of Relx from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. Finally, ABN Amro cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Wednesday, June 24th.
RELX traded up $0.31 on Monday, reaching $22.60. The company had a trading volume of 570,345 shares, compared to its average volume of 846,764. Relx has a 1 year low of $16.81 and a 1 year high of $27.25. The stock has a market capitalization of $43.65 billion, a PE ratio of 18.99, a P/E/G ratio of 3.34 and a beta of 0.53. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 3.15. The stock has a 50-day moving average price of $22.72 and a 200-day moving average price of $22.41.
The firm also recently announced a semi-annual dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 3rd were issued a $0.1725 dividend. The ex-dividend date was Friday, July 31st. This represents a dividend yield of 2.7%. Relx’s payout ratio is 30.25%.
Several large investors have recently made changes to their positions in the company. Atria Investments LLC purchased a new stake in shares of Relx in the second quarter valued at about $1,060,000. PNC Financial Services Group Inc. raised its holdings in shares of Relx by 30.3% in the second quarter. PNC Financial Services Group Inc. now owns 28,767 shares of the technology company’s stock valued at $677,000 after buying an additional 6,696 shares during the last quarter. RMR Wealth Builders purchased a new position in Relx during the second quarter worth about $42,000. WCM Investment Management LLC purchased a new position in Relx during the second quarter worth about $418,000. Finally, Private Advisor Group LLC purchased a new position in Relx during the second quarter worth about $33,000. 3.58% of the stock is owned by institutional investors and hedge funds.
RELX PLC provides information based-analytics and decision tools for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals that enables progress in science, advance healthcare, and performance improvement.
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