RELX N.V. (RENX) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of RELX N.V. (NYSE:RENX) from a hold rating to a buy rating in a report issued on Thursday.

Separately, Zacks Investment Research raised RELX N.V. from a hold rating to a buy rating and set a $23.00 price objective on the stock in a report on Tuesday, August 1st.

Shares of RELX N.V. (NYSE RENX) opened at 21.33 on Thursday. The firm has a market cap of $42.98 billion, a PE ratio of 26.33 and a beta of 0.86. The company has a 50-day moving average of $20.93 and a 200-day moving average of $19.83. RELX N.V. has a 1-year low of $14.92 and a 1-year high of $21.36.

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The firm also recently disclosed a None dividend, which was paid on Wednesday, August 30th. Investors of record on Friday, August 4th were issued a dividend of $0.131 per share. The ex-dividend date of this dividend was Wednesday, August 2nd.

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in RELX N.V. by 6.6% during the first quarter. Bank of America Corp DE now owns 1,040,732 shares of the technology company’s stock worth $19,316,000 after acquiring an additional 64,722 shares during the period. Parametric Portfolio Associates LLC grew its holdings in RELX N.V. by 15.0% during the second quarter. Parametric Portfolio Associates LLC now owns 810,884 shares of the technology company’s stock worth $16,769,000 after acquiring an additional 105,521 shares during the period. NGAM Advisors L.P. grew its holdings in RELX N.V. by 2.2% during the second quarter. NGAM Advisors L.P. now owns 381,784 shares of the technology company’s stock worth $7,895,000 after acquiring an additional 8,145 shares during the period. Ngam Advisors L.P. grew its holdings in RELX N.V. by 19.4% during the first quarter. Ngam Advisors L.P. now owns 373,639 shares of the technology company’s stock worth $6,934,000 after acquiring an additional 60,640 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in RELX N.V. by 3.7% during the first quarter. Envestnet Asset Management Inc. now owns 338,967 shares of the technology company’s stock worth $6,292,000 after acquiring an additional 12,094 shares during the period. 1.07% of the stock is currently owned by hedge funds and other institutional investors.

RELX N.V. Company Profile

RELX NV 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.

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