Relx (NYSE:RELX) Upgraded to “Strong-Buy” by Citigroup

Citigroup upgraded shares of Relx (NYSE:RELX) to a strong-buy rating in a report issued on Tuesday, Zacks.com reports.

Separately, StockNews.com cut Relx from a buy rating to a hold rating in a report on Saturday, August 31st.

Relx Stock Performance

Shares of NYSE RELX opened at $47.99 on Tuesday. The firm’s 50-day simple moving average is $46.23 and its 200 day simple moving average is $44.58. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51. Relx has a 12-month low of $33.13 and a 12-month high of $48.24.

Relx Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 2nd were given a dividend of $0.234 per share. This represents a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 2nd.

Institutional Investors Weigh In On Relx

Several large investors have recently made changes to their positions in RELX. Frazier Financial Advisors LLC acquired a new stake in shares of Relx in the 4th quarter valued at approximately $35,000. Financial Management Professionals Inc. raised its stake in Relx by 192.9% in the 1st quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock valued at $38,000 after acquiring an additional 571 shares during the period. Timber Creek Capital Management LLC bought a new stake in Relx in the 1st quarter valued at $43,000. Pinnacle Bancorp Inc. raised its stake in Relx by 90.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock valued at $43,000 after acquiring an additional 468 shares during the period. Finally, Indiana Trust & Investment Management CO bought a new stake in Relx in the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

About Relx

RELX PLC, together with its subsidiaries, 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.