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

by · The Markets Daily

Relx Plc (NYSE:RELX – Get Free Report) has received a consensus recommendation of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company.

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Barclays reissued an “overweight” rating on shares of Relx in a report on Tuesday, October 7th. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Citigroup began coverage on Relx in a report on Monday, January 12th. They set a “neutral” rating for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th.

Read Our Latest Research Report on RELX

Institutional Trading of Relx

Several institutional investors and hedge funds have recently made changes to their positions in RELX. NewSquare Capital LLC lifted its holdings in shares of Relx by 522.0% during the 2nd quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after purchasing an additional 475 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Relx by 99.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock valued at $33,000 after acquiring an additional 303 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in Relx in the 2nd quarter valued at about $37,000. Salomon & Ludwin LLC boosted its stake in shares of Relx by 1,646.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock worth $32,000 after acquiring an additional 642 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Relx by 191.7% during the third quarter. Nisa Investment Advisors LLC now owns 700 shares of the technology company’s stock worth $33,000 after purchasing an additional 460 shares during the period. Institutional investors own 15.02% of the company’s stock.

Relx Price Performance

RELX opened at $41.62 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. Relx has a fifty-two week low of $39.31 and a fifty-two week high of $56.33. The business has a 50-day moving average of $40.89 and a 200-day moving average of $45.51.

Relx Company Profile

(Get Free Report)

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.

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