Zacks Investment Research Lowers RELX (RELX) to Hold

Zacks Investment Research cut shares of RELX (NYSE:RELX) from a buy rating to a hold rating in a research report released on Friday.

According to Zacks, “Relx PLC is engaged in providing information solutions. Its products and services comprise intellectual property content delivered through various media, including online, journals and books. The Company’s operating segments consists of Scientific, Technical & Medical, Risk & Business Information; Legal and Exhibitions. RELX PLC, formerly known as Reed Elsevier PLC, is based in LONDON, United Kingdom. “

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RELX has been the subject of several other reports. Barclays lowered RELX from an overweight rating to an equal weight rating in a research report on Monday, February 12th. Goldman Sachs upgraded RELX from a neutral rating to a buy rating in a research report on Wednesday, January 10th. Morgan Stanley lowered RELX from an overweight rating to an equal weight rating in a research report on Monday, January 22nd. BNP Paribas lowered RELX from a neutral rating to an underperform rating in a research report on Wednesday, January 31st. Finally, Deutsche Bank upgraded RELX from a hold rating to a buy rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $23.00.

Shares of RELX traded down $0.05 on Friday, hitting $21.49. The company’s stock had a trading volume of 253,517 shares, compared to its average volume of 375,487. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 1.77. RELX has a fifty-two week low of $19.73 and a fifty-two week high of $24.03.

The company also recently declared a None dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, April 27th will be given a dividend of $0.388 per share. The ex-dividend date of this dividend is Thursday, April 26th. This represents a yield of 3.68%. This is an increase from RELX’s previous None dividend of $0.15. RELX’s dividend payout ratio is 46.60%.

Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. acquired a new position in RELX during the 4th quarter worth approximately $201,000. Dynamic Technology Lab Private Ltd acquired a new position in RELX during the 3rd quarter worth approximately $208,000. Dean Capital Investments Management LLC acquired a new position in RELX during the 4th quarter worth approximately $217,000. First Republic Investment Management Inc. acquired a new position in RELX during the 3rd quarter worth approximately $228,000. Finally, Assetmark Inc. boosted its position in RELX by 118,918.2% during the 4th quarter. Assetmark Inc. now owns 13,092 shares of the technology company’s stock worth $310,000 after acquiring an additional 13,081 shares during the last quarter. 2.54% of the stock is owned by hedge funds and other institutional investors.

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RELX Company Profile

RELX PLC provides information and analytics for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals.

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