Relx Plc (NYSE:RELX) Given Average Rating of “Moderate Buy” by Analysts

Shares of Relx Plc (NYSE:RELX) have received an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.

Several equities research analysts recently weighed in on RELX shares. Morgan Stanley cut Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th. Citigroup raised Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th. Weiss Ratings cut Relx from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 15th. Zacks Research cut Relx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, The Goldman Sachs Group initiated coverage on Relx in a research note on Wednesday, June 3rd. They issued a “buy” rating on the stock.

Institutional Investors Weigh In On Relx

A number of institutional investors have recently modified their holdings of the stock. Capital International Investors grew its stake in shares of Relx by 66.7% in the fourth quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock worth $433,887,000 after acquiring an additional 4,264,474 shares during the last quarter. Morgan Stanley grew its stake in shares of Relx by 7.0% in the fourth quarter. Morgan Stanley now owns 6,279,696 shares of the technology company’s stock worth $253,825,000 after acquiring an additional 408,833 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Relx by 185.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock worth $140,955,000 after acquiring an additional 2,763,766 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Relx by 14.3% in the first quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company’s stock worth $138,568,000 after acquiring an additional 522,619 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Relx by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,502,488 shares of the technology company’s stock worth $141,583,000 after acquiring an additional 56,363 shares during the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Stock Down 1.1%

Shares of RELX stock opened at $30.84 on Tuesday. The business’s fifty day moving average is $34.07 and its 200 day moving average is $35.55. Relx has a twelve month low of $27.57 and a twelve month high of $54.37. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38.

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.