Relx Plc (NYSE:RELX) Given Consensus Rating of “Moderate Buy” by Analysts

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

RELX has been the subject of a number of analyst reports. Zacks Research downgraded shares of Relx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Morgan Stanley downgraded shares of Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Relx in a research report on Friday, May 8th. Finally, Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th.

Relx Trading Up 0.8%

Shares of RELX opened at $33.12 on Friday. The firm has a 50-day moving average of $34.07 and a 200-day moving average of $36.44. Relx has a one year low of $27.57 and a one year high of $54.60. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44.

Institutional Trading of Relx

Several hedge funds and other institutional investors have recently modified their holdings of RELX. AQR Capital Management LLC boosted its holdings in shares of Relx by 17.1% during the 1st quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock worth $3,207,000 after buying an additional 9,287 shares during the period. Millennium Management LLC boosted its holdings in shares of Relx by 51.4% during the 1st quarter. Millennium Management LLC now owns 275,566 shares of the technology company’s stock worth $13,891,000 after buying an additional 93,610 shares during the period. Focus Partners Wealth boosted its holdings in shares of Relx by 5.1% during the 1st quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock worth $542,000 after buying an additional 522 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Relx by 60.2% during the 1st quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company’s stock worth $720,000 after buying an additional 5,374 shares during the period. Finally, Sivia Capital Partners LLC boosted its holdings in shares of Relx by 57.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,005 shares of the technology company’s stock worth $381,000 after buying an additional 2,568 shares during the period. Institutional investors own 15.02% of the company’s stock.

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.