Relx Plc (NYSE:RELX) Given Consensus Recommendation of “Buy” by Brokerages

by · The Cerbat Gem

Shares of Relx Plc (NYSE:RELX – Get Free Report) have received an average recommendation of “Buy” from the seven research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a report on Monday. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Barclays reiterated an “overweight” rating on shares of Relx in a report on Tuesday, October 7th.

Read Our Latest Stock Report on RELX

Relx Stock Down 0.1%

Shares of RELX opened at $41.09 on Tuesday. The company has a 50-day moving average of $42.01 and a two-hundred day moving average of $46.97. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. Relx has a one year low of $39.31 and a one year high of $56.33.

Institutional Investors Weigh In On Relx

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RELX. WPG Advisers LLC acquired a new stake in shares of Relx during the 1st quarter valued at $28,000. NewSquare Capital LLC boosted its position in Relx by 522.0% during the second quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after purchasing an additional 475 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Relx by 99.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock valued at $33,000 after purchasing an additional 303 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in Relx in the 2nd quarter worth about $37,000. Finally, Salomon & Ludwin LLC raised its stake in shares of Relx by 1,646.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock worth $32,000 after purchasing an additional 642 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Company Profile

(Get Free Report)

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.

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