Relx Plc (NYSE:RELX) Given Average Recommendation of “Buy” by Analysts

Relx Plc (NYSE:RELXGet Rating) has been assigned a consensus rating of “Buy” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $2,690.00.

RELX has been the topic of a number of recent research reports. Morgan Stanley cut their target price on shares of Relx from GBX 2,750 ($33.90) to GBX 2,730 ($33.65) in a report on Thursday, February 17th. StockNews.com assumed coverage on Relx in a report on Saturday, May 14th. They set a “buy” rating on the stock. Credit Suisse Group lifted their price target on Relx from GBX 2,600 ($32.05) to GBX 2,650 ($32.67) in a report on Tuesday, March 29th. Finally, Zacks Investment Research cut Relx from a “buy” rating to a “hold” rating in a report on Thursday, March 24th.

Shares of NYSE RELX opened at $28.41 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.63 and a quick ratio of 0.56. The firm’s 50-day moving average price is $30.18 and its two-hundred day moving average price is $30.63. Relx has a 52-week low of $26.08 and a 52-week high of $32.71.

A number of large investors have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC grew its position in Relx by 21.7% in the fourth quarter. Fieldpoint Private Securities LLC now owns 1,961 shares of the technology company’s stock worth $64,000 after buying an additional 350 shares during the last quarter. Harbor Investment Advisory LLC grew its position in Relx by 3.3% in the first quarter. Harbor Investment Advisory LLC now owns 11,009 shares of the technology company’s stock worth $342,000 after buying an additional 356 shares during the last quarter. Addison Advisors LLC grew its position in Relx by 10.0% in the first quarter. Addison Advisors LLC now owns 4,166 shares of the technology company’s stock worth $130,000 after buying an additional 379 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Relx by 4.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,746 shares of the technology company’s stock worth $272,000 after buying an additional 386 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its position in Relx by 4.6% in the first quarter. Personal CFO Solutions LLC now owns 9,065 shares of the technology company’s stock worth $282,000 after buying an additional 398 shares during the last quarter. 13.56% of the stock is currently owned by hedge funds and other institutional investors.

Relx Company Profile (Get Rating)

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: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.

Further Reading

Analyst Recommendations for Relx (NYSE:RELX)

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