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

Shares of Relx Plc (NYSE:RELX) have earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company.

RELX has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Relx from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. The Goldman Sachs Group began coverage on shares of Relx in a research report on Wednesday, June 3rd. They set a “buy” rating on the stock. Finally, Morgan Stanley downgraded shares of Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th.

Institutional Trading of Relx

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors raised its holdings in shares of Relx by 6.1% in the 3rd quarter. Captrust Financial Advisors now owns 1,693,542 shares of the technology company’s stock valued at $80,884,000 after purchasing an additional 96,831 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Relx by 21.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 217,443 shares of the technology company’s stock valued at $8,789,000 after purchasing an additional 38,086 shares during the last quarter. M&T Bank Corp grew its holdings in Relx by 448.5% during the fourth quarter. M&T Bank Corp now owns 199,046 shares of the technology company’s stock worth $8,045,000 after purchasing an additional 162,755 shares during the period. JPMorgan Chase & Co. increased its position in Relx by 18.0% during the third quarter. JPMorgan Chase & Co. now owns 1,007,921 shares of the technology company’s stock worth $48,138,000 after buying an additional 153,821 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in Relx during the third quarter worth approximately $1,441,000. Institutional investors own 15.02% of the company’s stock.

Relx Trading Down 0.9%

NYSE:RELX opened at $33.71 on Friday. Relx has a twelve month low of $27.57 and a twelve month high of $54.02. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. The business has a 50 day moving average price of $32.75 and a two-hundred day moving average price of $34.48.

About Relx

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.