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

Shares of Relx Plc (NYSE:RELX) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Relx in a research report on Friday, May 8th. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Citigroup raised Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th. Zacks Research cut Relx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Morgan Stanley cut Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th.

Relx Stock Performance

Shares of NYSE RELX opened at $32.95 on Friday. Relx has a one year low of $27.57 and a one year high of $56.33. 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’s fifty day moving average price is $34.12 and its 200-day moving average price is $36.57.

Institutional Trading of Relx

Institutional investors have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Relx during the 4th quarter worth about $26,000. Cornerstone Planning Group LLC lifted its holdings in Relx by 2,574.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock worth $27,000 after purchasing an additional 695 shares in the last quarter. Transamerica Financial Advisors LLC lifted its holdings in Relx by 3,040.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after purchasing an additional 760 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Relx by 104.2% during the 3rd quarter. Bessemer Group Inc. now owns 868 shares of the technology company’s stock worth $42,000 after purchasing an additional 443 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its holdings in Relx by 2,468.4% during the 1st quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock worth $32,000 after purchasing an additional 938 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

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.