Relx’s (RELX) Hold Rating Reiterated at Berenberg Bank

Relx (NYSE:RELX)‘s stock had its “hold” rating reiterated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Tuesday, The Fly reports.

Several other research firms have also recently issued reports on RELX. Barclays reaffirmed an “overweight” rating on shares of Relx in a report on Friday, October 23rd. BidaskClub upgraded shares of Relx from a “hold” rating to a “buy” rating in a research report on Thursday, December 31st. JPMorgan Chase & Co. restated an “overweight” rating on shares of Relx in a research report on Tuesday, December 8th. Societe Generale reiterated a “buy” rating on shares of Relx in a research report on Friday, October 23rd. Finally, Zacks Investment Research upgraded shares of Relx from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Relx has an average rating of “Buy” and an average price target of $26.00.

RELX opened at $24.86 on Tuesday. The stock has a market capitalization of $48.02 billion, a PE ratio of 20.89, a P/E/G ratio of 3.41 and a beta of 0.56. The firm’s fifty day moving average price is $24.37 and its 200 day moving average price is $22.92. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.47 and a quick ratio of 0.42. Relx has a 12-month low of $16.81 and a 12-month high of $27.25.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Trust N.A. lifted its holdings in Relx by 13.9% in the 4th quarter. Raymond James Trust N.A. now owns 31,156 shares of the technology company’s stock valued at $769,000 after acquiring an additional 3,794 shares during the last quarter. OneAscent Financial Services LLC lifted its holdings in Relx by 15.1% in the 4th quarter. OneAscent Financial Services LLC now owns 22,214 shares of the technology company’s stock valued at $548,000 after acquiring an additional 2,921 shares during the last quarter. Mountain Capital Investment Advisors Inc lifted its holdings in Relx by 27.7% in the 4th quarter. Mountain Capital Investment Advisors Inc now owns 15,483 shares of the technology company’s stock valued at $391,000 after acquiring an additional 3,356 shares during the last quarter. Cox Capital Mgt LLC lifted its holdings in Relx by 3.8% in the 4th quarter. Cox Capital Mgt LLC now owns 67,638 shares of the technology company’s stock valued at $1,668,000 after acquiring an additional 2,471 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in Relx by 6.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 27,290 shares of the technology company’s stock valued at $610,000 after acquiring an additional 1,569 shares during the last quarter. 3.58% of the stock is owned by institutional investors.

About Relx

RELX PLC provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics that help institutions and professionals to progress in science and advance healthcare.

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