Relx Plc (NYSE:RELX) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Relx Plc (NYSE:RELX) from a hold rating to a sell rating in a research report sent to investors on Wednesday, August 2nd.

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. “

Several other equities analysts have also recently commented on the stock. UBS AG cut shares of Relx Plc from a buy rating to a neutral rating in a research note on Monday, May 15th. BidaskClub cut shares of Relx Plc from a buy rating to a hold rating in a research note on Wednesday, July 12th. Finally, ABN Amro upgraded shares of Relx Plc from a hold rating to a buy rating in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $25.00.

Shares of Relx Plc (NYSE:RELX) traded down 0.18% during trading on Wednesday, hitting $21.72. 160,902 shares of the stock were exchanged. The stock has a market cap of $43.77 billion, a price-to-earnings ratio of 26.14 and a beta of 0.79. The stock’s 50 day moving average is $21.80 and its 200-day moving average is $20.47. Relx Plc has a 12-month low of $16.19 and a 12-month high of $22.36.

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The business also recently announced a None dividend, which will be paid on Wednesday, August 30th. Investors of record on Friday, August 4th will be paid a dividend of $0.153 per share. This is a boost from Relx Plc’s previous None dividend of $0.14. The ex-dividend date of this dividend is Wednesday, August 2nd.

A number of institutional investors have recently added to or reduced their stakes in the stock. OxFORD Asset Management LLP boosted its position in shares of Relx Plc by 23.7% in the second quarter. OxFORD Asset Management LLP now owns 117,131 shares of the technology company’s stock worth $2,565,000 after buying an additional 22,460 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Relx Plc during the second quarter worth about $329,000. Parametric Portfolio Associates LLC boosted its position in shares of Relx Plc by 3.6% in the second quarter. Parametric Portfolio Associates LLC now owns 812,838 shares of the technology company’s stock worth $17,801,000 after buying an additional 28,465 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Relx Plc by 15.5% in the second quarter. Advisor Group Inc. now owns 11,503 shares of the technology company’s stock worth $244,000 after buying an additional 1,544 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in shares of Relx Plc during the second quarter worth about $483,000. Hedge funds and other institutional investors own 2.28% of the company’s stock.

Relx Plc Company Profile

RELX PLC is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.

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