Relx’s (RELX) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Relx (NYSE:RELX) in a research report report published on Thursday morning, The Fly reports.

A number of other research analysts have also commented on RELX. Zacks Investment Research lowered shares of Relx from a hold rating to a sell rating in a research report on Friday, July 24th. Barclays reissued an overweight rating on shares of Relx in a research report on Tuesday, July 7th. ABN Amro lowered shares of Relx from a buy rating to a hold rating in a research report on Wednesday, June 24th. Investec raised shares of Relx from a sell rating to a hold rating in a research note on Tuesday, June 16th. Finally, UBS Group reaffirmed a neutral rating on shares of Relx in a research note on Wednesday, July 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Relx has an average rating of Hold and a consensus target price of $26.00.

Relx stock traded down $0.42 on Thursday, reaching $21.17. 1,139,797 shares of the stock were exchanged, compared to its average volume of 1,302,138. The stock has a market cap of $40.89 billion, a PE ratio of 17.79, a PEG ratio of 2.68 and a beta of 0.61. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 3.15. Relx has a twelve month low of $16.81 and a twelve month high of $27.25. The firm has a fifty day moving average price of $22.98 and a two-hundred day moving average price of $23.41.

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.1725 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a yield of 2.7%. Relx’s dividend payout ratio is 66.39%.

A number of institutional investors have recently modified their holdings of RELX. CWM LLC raised its position in Relx by 178.5% in the 1st quarter. CWM LLC now owns 1,810 shares of the technology company’s stock valued at $39,000 after buying an additional 1,160 shares during the last quarter. Ellevest Inc. boosted its stake in Relx by 63.8% in the first quarter. Ellevest Inc. now owns 1,944 shares of the technology company’s stock valued at $42,000 after acquiring an additional 757 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Relx during the 4th quarter valued at approximately $64,000. Toronto Dominion Bank lifted its stake in shares of Relx by 103.1% during the 1st quarter. Toronto Dominion Bank now owns 2,640 shares of the technology company’s stock valued at $57,000 after buying an additional 1,340 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Relx by 149.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,972 shares of the technology company’s stock valued at $70,000 after buying an additional 1,779 shares in the last quarter. 3.09% of the stock is currently owned by hedge funds and other institutional investors.

Relx Company Profile

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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