Relx (NYSE:RELX) Earns Neutral Rating from Analysts at Citigroup

Citigroup assumed coverage on shares of Relx (NYSE:RELX) in a research report sent to investors on Monday, MarketBeat reports. The brokerage issued a neutral rating on the technology company’s stock.

A number of other equities research analysts also recently commented on RELX. Zacks Research raised Relx from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. Barclays restated an “overweight” rating on shares of Relx in a research note on Tuesday, October 7th. Kepler Capital Markets raised shares of Relx from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Finally, Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Relx Stock Performance

Shares of RELX stock opened at $41.90 on Monday. The business has a fifty day moving average of $40.94 and a 200 day moving average of $45.82. Relx has a 1 year low of $39.31 and a 1 year high of $56.33. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47.

Hedge Funds Weigh In On Relx

Several large investors have recently made changes to their positions in RELX. Dimensional Fund Advisors LP raised its holdings in Relx by 7.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,446,125 shares of the technology company’s stock worth $164,575,000 after purchasing an additional 252,390 shares during the period. Ameriprise Financial Inc. increased its position in shares of Relx by 1.4% in the third quarter. Ameriprise Financial Inc. now owns 3,390,649 shares of the technology company’s stock valued at $164,120,000 after buying an additional 46,515 shares in the last quarter. Northern Trust Corp raised its stake in shares of Relx by 3.5% during the 3rd quarter. Northern Trust Corp now owns 2,430,755 shares of the technology company’s stock worth $116,093,000 after buying an additional 81,195 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Relx by 0.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,784,488 shares of the technology company’s stock valued at $85,227,000 after buying an additional 14,404 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Relx by 6.1% in the 3rd quarter. Captrust Financial Advisors now owns 1,693,542 shares of the technology company’s stock valued at $80,884,000 after acquiring an additional 96,831 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

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.