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

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

Several research analysts have commented on RELX shares. The Goldman Sachs Group initiated coverage on Relx in a research report on Wednesday, June 3rd. They set a “buy” rating on the stock. Morgan Stanley downgraded shares of Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. Weiss Ratings raised Relx from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Finally, Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th.

Relx Stock Performance

Shares of Relx stock traded up $0.37 on Friday, hitting $32.44. The stock had a trading volume of 2,487,641 shares, compared to its average volume of 2,543,312. Relx has a 52-week low of $27.57 and a 52-week high of $54.19. 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 company’s 50 day moving average price is $32.93 and its 200 day moving average price is $34.75.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position in Relx by 6.1% during the third quarter. Captrust Financial Advisors now owns 1,693,542 shares of the technology company’s stock worth $80,884,000 after purchasing an additional 96,831 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Relx by 21.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 217,443 shares of the technology company’s stock worth $8,789,000 after purchasing an additional 38,086 shares during the last quarter. M&T Bank Corp boosted its stake in Relx by 448.5% in the 4th quarter. M&T Bank Corp now owns 199,046 shares of the technology company’s stock valued at $8,045,000 after purchasing an additional 162,755 shares during the period. JPMorgan Chase & Co. increased its position in Relx by 18.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,007,921 shares of the technology company’s stock worth $48,138,000 after buying an additional 153,821 shares during the period. Finally, Tudor Investment Corp ET AL bought a new position in Relx during the third quarter worth about $1,441,000. 15.02% of the stock is owned by hedge funds and other institutional investors.

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.