Relx (NYSE:RELX) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Relx (NYSE:RELX) in a research report report published on Wednesday, Marketbeat.com reports. The firm issued a buy rating on the technology company’s stock.

A number of other equities research analysts also recently commented on RELX. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays upgraded Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th. Finally, Redburn Atlantic initiated coverage on Relx in a research report on Wednesday, January 8th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

Relx Trading Up 0.3 %

Shares of Relx stock opened at $50.21 on Wednesday. Relx has a 1 year low of $40.25 and a 1 year high of $51.99. 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 business has a 50 day moving average price of $49.48 and a 200 day moving average price of $47.82. The company has a market capitalization of $93.18 billion, a P/E ratio of 26.99, a P/E/G ratio of 2.73 and a beta of 0.90.

Relx Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be paid a $0.5586 dividend. This is a boost from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 1.6%. Relx’s dividend payout ratio is presently 59.68%.

Institutional Trading of Relx

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CENTRAL TRUST Co increased its position 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 worth $26,000 after acquiring an additional 529 shares in the last quarter. Versant Capital Management Inc bought a new position in Relx during the fourth quarter worth $31,000. Transce3nd LLC bought a new position in Relx during the fourth quarter valued at about $40,000. Sierra Ocean LLC bought a new stake in Relx in the 4th quarter valued at $43,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in Relx by 218.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company’s stock valued at $44,000 after purchasing an additional 662 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors.

About Relx

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.