Relx Plc (RELX) – What Are Brokerages Saying About This Stock?

Relx Plc (NYSE:RELX) has been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company.

RELX has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Relx in a research note on Friday, July 24th. Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Citigroup cut shares of Relx from a “buy” rating to a “neutral” rating in a report on Tuesday, October 20th. Sanford C. Bernstein reissued a “buy” rating on shares of Relx in a report on Tuesday, October 6th. Finally, Zacks Research upgraded Relx from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th.

Relx Trading Down 0.2%

Shares of RELX stock opened at $40.53 on Tuesday. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 5.23. Relx has a 1 year low of $27.57 and a 1 year high of $46.97. The stock has a fifty day moving average of $35.43 and a two-hundred day moving average of $34.46.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Whipplewood Advisors LLC raised its position in Relx by 2,468.4% in the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock worth $32,000 after acquiring an additional 938 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Relx during the first quarter valued at approximately $44,000. First Horizon Corp lifted its stake in Relx by 41.0% during the first quarter. First Horizon Corp now owns 1,352 shares of the technology company’s stock valued at $45,000 after purchasing an additional 393 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Relx during the second quarter valued at approximately $77,000. Finally, GHP Investment Advisors Inc. bought a new stake in Relx during the first quarter worth approximately $93,000. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Company Profile

RELX PLC is a global information-based analytics and decision tools company serving professional and business customers. The company provides data, software, research, and workflow solutions that help organizations make decisions, manage risk, improve productivity, and access specialized knowledge.

Its main business areas include scientific, technical, and medical information; risk and business analytics; legal information and technology; and industry-focused events. Products and services include research platforms such as ScienceDirect and Scopus, legal research and workflow solutions offered through LexisNexis, and risk-management, fraud-prevention, and identity solutions provided through LexisNexis Risk Solutions.

RELX serves customers internationally, including universities, researchers, law firms, government agencies, insurers, financial institutions, corporations, and healthcare professionals.