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

Relx Plc (NYSE:RELX) has earned a consensus rating of “Buy” from the five analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company.

Several research firms have recently commented on RELX. The Goldman Sachs Group began coverage on Relx in a research report on Wednesday, March 26th. They issued a “buy” rating on the stock. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research report on Wednesday, April 16th. Barclays raised Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th. Finally, Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.

Institutional Trading of Relx

Large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in shares of Relx by 368.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company’s stock valued at $127,437,000 after buying an additional 2,208,119 shares during the period. Raymond James Financial Inc. bought a new position in shares of Relx during the 4th quarter worth approximately $44,516,000. Northern Trust Corp lifted its position in shares of Relx by 51.6% during the 4th quarter. Northern Trust Corp now owns 2,191,588 shares of the technology company’s stock worth $99,542,000 after buying an additional 745,532 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Relx by 6,125.5% during the 1st quarter. GAMMA Investing LLC now owns 679,073 shares of the technology company’s stock worth $34,232,000 after buying an additional 668,165 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Relx by 290.3% during the 4th quarter. Bank of Montreal Can now owns 886,758 shares of the technology company’s stock worth $40,277,000 after buying an additional 659,547 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Price Performance

Shares of NYSE RELX opened at $53.00 on Friday. The business’s 50 day moving average price is $52.74 and its two-hundred day moving average price is $49.85. The company has a market cap of $97.83 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. Relx has a twelve month low of $43.45 and a twelve month high of $56.33.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.