Relx Plc (NYSE:RELX) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Relx Plc (NYSE:RELX) have earned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company.

A number of analysts have recently issued reports on RELX shares. The Goldman Sachs Group restated a “buy” rating on shares of Relx in a research note on Tuesday, June 30th. TD Securities raised shares of Relx to a “strong-buy” rating in a report on Friday, September 11th. Weiss Ratings upgraded Relx from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Relx in a report on Tuesday, August 11th. Finally, Citigroup downgraded Relx from a “buy” rating to a “neutral” rating in a research note on Tuesday.

Relx Price Performance

Shares of NYSE RELX opened at $40.63 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 12 month low of $27.57 and a 12 month high of $46.97. The stock has a 50 day moving average of $35.31 and a 200-day moving average of $34.42.

Institutional Investors Weigh In On Relx

Institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC grew its holdings in shares of Relx by 12.1% during the 1st quarter. Lazard Asset Management LLC now owns 3,040,217 shares of the technology company’s stock worth $100,783,000 after purchasing an additional 328,282 shares in the last quarter. Bank of America Corp DE increased its position 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 purchasing an additional 522,619 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Relx by 697.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 159,681 shares of the technology company’s stock worth $5,306,000 after purchasing an additional 139,663 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Relx by 185.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock worth $140,955,000 after buying an additional 2,763,766 shares in the last quarter. Finally, Evelyn Partners Asset Management Ltd grew its stake in Relx by 53.6% during the first quarter. Evelyn Partners Asset Management Ltd now owns 157,612 shares of the technology company’s stock worth $5,225,000 after buying an additional 55,028 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors.

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.