Relx (LON:REL) Downgraded by Berenberg Bank to “Hold”

Berenberg Bank cut shares of Relx (LON:REL) to a hold rating in a research note released on Friday, MarketBeat Ratings reports. The brokerage currently has GBX 3,500 ($44.23) target price on the stock, up from their prior target price of GBX 3,300 ($41.70).

Separately, JPMorgan Chase & Co. upped their price target on shares of Relx from GBX 3,770 ($47.64) to GBX 4,100 ($51.81) and gave the company an overweight rating in a research report on Friday, February 16th.

Relx Trading Down 0.1 %

LON REL opened at GBX 3,424 ($43.27) on Friday. The firm’s fifty day moving average price is GBX 3,368.52 and its 200 day moving average price is GBX 3,104.36. Relx has a 12 month low of GBX 2,414 ($30.51) and a 12 month high of GBX 3,531.81 ($44.63). The company has a debt-to-equity ratio of 188.92, a current ratio of 0.52 and a quick ratio of 0.45. The company has a market capitalization of £64.03 billion, a price-to-earnings ratio of 3,642.55, a price-to-earnings-growth ratio of 3.76 and a beta of 0.47.

Relx Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 2nd will be issued a GBX 41.80 ($0.53) dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a dividend yield of 1.25%. This is a positive change from Relx’s previous dividend of $17.00. Relx’s payout ratio is presently 6,276.60%.

Relx Company Profile

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.