Relx (NYSE:RELX) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Relx (NYSE:RELX) from a hold rating to a buy rating in a research report released on Saturday morning,Wall Street Zen reports.

Several other brokerages also recently weighed in on RELX. Barclays restated an “overweight” rating on shares of Relx in a research report on Friday, July 24th. The Goldman Sachs Group began coverage on Relx in a research report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Finally, Weiss Ratings raised Relx from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Relx Trading Down 3.1%

Shares of RELX stock opened at $35.50 on Friday. The stock’s fifty day moving average price is $34.56 and its two-hundred day moving average price is $33.96. Relx has a fifty-two week low of $27.57 and a fifty-two week high of $48.40. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 5.23.

Relx Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be paid a $0.2785 dividend. This represents a dividend yield of 157.0%. The ex-dividend date is Friday, August 7th.

Institutional Investors Weigh In On Relx

A number of hedge funds and other institutional investors have recently bought and sold shares of RELX. Annis Gardner Whiting Capital Advisors LLC bought a new position in Relx in the fourth quarter valued at about $26,000. Whipplewood Advisors LLC grew its holdings in shares of Relx by 2,468.4% during the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock worth $32,000 after purchasing an additional 938 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in shares of Relx by 3,040.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock valued at $32,000 after buying an additional 760 shares during the period. Manchester Capital Management LLC increased its stake in shares of Relx by 1,823.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock valued at $43,000 after buying an additional 1,003 shares during the period. Finally, Palladiem LLC bought a new position in Relx in the 4th quarter valued at approximately $44,000. Institutional investors own 15.02% of the company’s stock.

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.