Relx Plc (RELX) Downgraded by BidaskClub to Hold

BidaskClub downgraded shares of Relx Plc (NYSE:RELX) from a buy rating to a hold rating in a research report report published on Wednesday morning.

A number of other brokerages have also commented on RELX. Zacks Investment Research upgraded Relx Plc from a hold rating to a buy rating and set a $25.00 price target on the stock in a report on Tuesday, June 27th. ABN Amro upgraded Relx Plc from a hold rating to a buy rating in a report on Wednesday, June 14th. Finally, UBS AG lowered Relx Plc from a buy rating to a neutral rating in a report on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Relx Plc has a consensus rating of Buy and an average price target of $25.00.

Relx Plc (NYSE:RELX) opened at 21.59 on Wednesday. Relx Plc has a 12 month low of $16.19 and a 12 month high of $22.19. The firm has a market capitalization of $44.10 billion, a price-to-earnings ratio of 29.74 and a beta of 0.79. The firm has a 50-day moving average price of $21.65 and a 200 day moving average price of $19.65.

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Several hedge funds have recently added to or reduced their stakes in the stock. Level Four Advisory Services LLC increased its stake in Relx Plc by 1.1% in the first quarter. Level Four Advisory Services LLC now owns 24,622 shares of the technology company’s stock worth $487,000 after buying an additional 271 shares in the last quarter. World Asset Management Inc increased its stake in Relx Plc by 1.0% in the first quarter. World Asset Management Inc now owns 67,775 shares of the technology company’s stock worth $1,342,000 after buying an additional 668 shares in the last quarter. Credit Suisse AG increased its stake in Relx Plc by 11.3% in the first quarter. Credit Suisse AG now owns 11,836 shares of the technology company’s stock worth $235,000 after buying an additional 1,198 shares in the last quarter. UBS Group AG increased its stake in Relx Plc by 13.1% in the first quarter. UBS Group AG now owns 17,030 shares of the technology company’s stock worth $337,000 after buying an additional 1,976 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Relx Plc by 44.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,033 shares of the technology company’s stock worth $139,000 after buying an additional 2,150 shares in the last quarter. 2.27% of the stock is currently owned by institutional investors and hedge funds.

Relx Plc Company Profile

RELX PLC is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.

Analyst Recommendations for Relx Plc (NYSE:RELX)

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