share_log

Relx Plc (NYSE:RELX) Given Average Recommendation of "Moderate Buy" by Brokerages

Defense World ·  Sep 23, 2022 02:11

Shares of Relx Plc (NYSE:RELX – Get Rating) have been given an average recommendation of "Hold" by the eight analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $2,790.00.

RELX has been the subject of several recent research reports. Barclays upped their target price on shares of Relx from GBX 2,650 ($32.02) to GBX 2,785 ($33.65) in a research report on Friday, September 16th. JPMorgan Chase & Co. upped their target price on shares of Relx from GBX 2,670 ($32.26) to GBX 2,800 ($33.83) in a research report on Monday, July 25th. Morgan Stanley upped their target price on shares of Relx from GBX 2,750 ($33.23) to GBX 2,860 ($34.56) in a research report on Wednesday, July 20th. Credit Suisse Group boosted their price target on shares of Relx from GBX 2,650 ($32.02) to GBX 2,805 ($33.89) in a report on Friday, July 29th. Finally, UBS Group boosted their price target on shares of Relx from GBX 2,615 ($31.60) to GBX 2,700 ($32.62) in a report on Friday, July 29th.

Get Relx alerts:

Hedge Funds Weigh In On Relx

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of Relx by 209.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,384,826 shares of the technology company's stock worth $43,068,000 after buying an additional 937,368 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Relx during the 2nd quarter worth about $23,448,000. Martin Investment Management LLC boosted its stake in shares of Relx by 9,679.6% during the 2nd quarter. Martin Investment Management LLC now owns 848,383 shares of the technology company's stock worth $22,934,000 after buying an additional 839,708 shares during the last quarter. Clearbridge Investments LLC acquired a new position in shares of Relx during the 2nd quarter worth about $16,781,000. Finally, Bank of America Corp DE boosted its stake in shares of Relx by 9.1% during the 1st quarter. Bank of America Corp DE now owns 6,795,261 shares of the technology company's stock worth $211,333,000 after buying an additional 566,815 shares during the last quarter. 3.63% of the stock is owned by institutional investors and hedge funds.

Relx Stock Performance

Shares of Relx stock opened at $24.39 on Friday. The firm has a fifty day moving average of $27.55 and a two-hundred day moving average of $28.36. Relx has a 52 week low of $24.36 and a 52 week high of $32.71. The company has a current ratio of 0.51, a quick ratio of 0.45 and a debt-to-equity ratio of 1.64.

Relx Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, September 13th. Investors of record on Friday, August 5th were paid a $0.4443 dividend. This represents a yield of 2.1%. The ex-dividend date of this dividend was Thursday, August 4th.

Relx Company Profile

(Get Rating)

RELX PLC provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.

Recommended Stories

  • Get a free copy of the StockNews.com research report on Relx (RELX)
  • What Steelcase's Earnings Say About the Return to the Office?
  • The Institutions Hold On To Darden Restaurants International
  • These 3 Big Dividend Payers Also Boast Strong Price Growth
  • Is The Golden Age Of Homebuilding Already Over?
  • Natural Gas Prices Continue To Rally, These Stocks Should Benefit

Receive News & Ratings for Relx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Relx and related companies with MarketBeat.com's FREE daily email newsletter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment