Shares of RELX (NYSE ticker: RELX) fell before Tuesday's trading. The stock closed at $28.64 but opened at $27.95. The last trading price for RELX stock was $27.90, with a trading volume of 3,237 shares.
Several research companies have recently commented on RELX. In a research report released on Friday, July 29th, UBS Group increased RELX's target price from GBX 2,615 ($31.60) to GBX 2,700 ($32.62). On Monday, July 25th, JPMorgan also increased RELX's target price from GBX 2,670 ($32.26) to GBX 2,800 ($33.83) in a research report.
StockNews.com began reporting on Relx in a research report on Wednesday, July 27 and gave the company a "hold" rating. Credit Suisse Group raised Relx's price target from GBX 2,650 ($32.02) to GBX 2,805 ($33.89) in a research report on Friday, July 29. Barclays also raised Relx's price target from GBX 2,600 ($31.42) to GBX 2,650 ($32.02) in a research report on the same day. Two analysts have rated the stock as "hold" and four analysts have rated it as "buy". According to MarketBeat data, the company's average rating is "moderate buy" with an average target price of $2763.00.
Relx stock price performance
The stock's 50-day simple moving average is $27.81 and its 200-day simple moving average is $29.02. The company's quick ratio is 0.45, current ratio is 0.51, and debt-to-equity ratio is 1.64.
Relx cuts dividends.
The company recently announced a semi-annual dividend to be paid on Tuesday, September 13th. Shareholders on record as of Friday, August 5th will receive a dividend of $0.4443 per share. This translates to a dividend yield of 2.1%. The ex-dividend date for this payment is Thursday, August 4th.
Relx's institutional trade
Large investors have recently made changes to their holdings in the company. During the first quarter, Huntington National Bank purchased new shares of Relx stock worth $25,000. In the second quarter, CoreCap Advisors LLC purchased new shares of Relx stock worth $28,000. UMB Bank N A MO purchased new shares of Relx stock worth $38,000 during the fourth quarter.
Eaton Vance Management increased its stake in Relx by 18.4% in the fourth quarter. The investment firm now owns 9,622 shares of the tech company worth $45,000, having purchased an additional 1,494 shares during the period. AdvisorNet Financial Inc also raised its stake in Relx, by 72.1% in the first quarter. The financial advisory firm now owns 1,497 shares of the tech company worth $47,000, having purchased an extra 627 shares during the period. Institutional investors hold a 13.56% stake in the company.
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