Relx Plc (NYSE:RELX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Relx Plc (NYSE:RELX) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities analysts have commented on the company. Zacks Research cut Relx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group assumed coverage on Relx in a research note on Wednesday, June 3rd. They issued a “buy” rating on the stock. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Morgan Stanley cut Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th. Finally, Citigroup raised Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th.

Relx Stock Up 0.1%

Shares of Relx stock opened at $31.21 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. The business’s 50 day simple moving average is $34.12 and its two-hundred day simple moving average is $35.64. Relx has a one year low of $27.57 and a one year high of $54.37.

Hedge Funds Weigh In On Relx

A number of large investors have recently bought and sold shares of RELX. Huntington National Bank increased its position in Relx by 5.1% in the third quarter. Huntington National Bank now owns 5,150 shares of the technology company’s stock worth $246,000 after buying an additional 250 shares in the last quarter. Bridgewater Advisors Inc. increased its position in Relx by 2.5% in the fourth quarter. Bridgewater Advisors Inc. now owns 11,084 shares of the technology company’s stock worth $447,000 after buying an additional 267 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Relx by 7.4% in the second quarter. Geneos Wealth Management Inc. now owns 4,007 shares of the technology company’s stock worth $218,000 after buying an additional 275 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in Relx by 5.4% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 5,511 shares of the technology company’s stock worth $223,000 after buying an additional 281 shares in the last quarter. Finally, Horizon Investments LLC increased its position in Relx by 23.0% in the third quarter. Horizon Investments LLC now owns 1,517 shares of the technology company’s stock worth $72,000 after buying an additional 284 shares in the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Company Profile

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.