Zacks Investment Research Downgrades RELX PLC (RELX) to Sell

Zacks Investment Research cut shares of RELX PLC (NYSE:RELX) from a hold rating to a sell rating in a research note issued 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. “

A number of other brokerages have also issued reports on RELX. BidaskClub upgraded shares of RELX PLC from a hold rating to a buy rating in a research report on Tuesday, August 1st. ABN Amro upgraded shares of RELX PLC from a hold rating to a buy rating in a research report on Wednesday, June 14th. Finally, UBS AG lowered shares of RELX PLC from a buy rating to a neutral rating in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $25.00.

Shares of RELX PLC (RELX) opened at 21.72 on Wednesday. RELX PLC has a one year low of $16.19 and a one year high of $22.36. The company has a market cap of $43.77 billion, a PE ratio of 26.14 and a beta of 0.79. The company’s 50-day moving average price is $21.80 and its 200 day moving average price is $20.47.

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The firm also recently disclosed a None dividend, which will be paid on Wednesday, August 30th. Investors of record on Friday, August 4th will be issued a $0.153 dividend. This is a positive change from RELX PLC’s previous None dividend of $0.14. The ex-dividend date is Wednesday, August 2nd.

Institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC raised its position in shares of RELX PLC by 1.5% in the first quarter. Lazard Asset Management LLC now owns 959,550 shares of the technology company’s stock valued at $18,999,000 after buying an additional 14,300 shares in the last quarter. Parametric Portfolio Associates LLC raised 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 valued at $17,801,000 after buying an additional 28,465 shares in the last quarter. Aperio Group LLC raised its position in shares of RELX PLC by 11.0% in the second quarter. Aperio Group LLC now owns 737,892 shares of the technology company’s stock valued at $16,160,000 after buying an additional 73,205 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of RELX PLC during the first quarter valued at $13,161,000. Finally, Jarislowsky Fraser Ltd raised its position in shares of RELX PLC by 4.6% in the second quarter. Jarislowsky Fraser Ltd now owns 623,839 shares of the technology company’s stock valued at $13,662,000 after buying an additional 27,560 shares in the last quarter. Institutional investors and hedge funds own 2.28% of the company’s stock.

About RELX PLC

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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