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

Shares of Relx Plc (NYSE:RELX) have been given a consensus recommendation of “Buy” by the eight brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company.

A number of research firms have recently weighed in on RELX. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Zacks Research raised shares of Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Wall Street Zen raised shares of Relx from a “hold” rating to a “buy” rating in a research note on Saturday.

Institutional Investors Weigh In On Relx

Large investors have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Relx in the 4th quarter valued at approximately $26,000. Cornerstone Planning Group LLC increased its holdings in Relx by 2,574.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after purchasing an additional 695 shares in the last quarter. NewSquare Capital LLC raised its holdings in shares of Relx by 522.0% in the second quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after buying an additional 475 shares during the last quarter. Salomon & Ludwin LLC raised its stake in shares of Relx by 1,646.2% in the third quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock worth $32,000 after acquiring an additional 642 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Relx by 99.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock worth $33,000 after purchasing an additional 303 shares during the last quarter. Institutional investors own 15.02% of the company’s stock.

Relx Trading Down 0.6%

Shares of RELX opened at $29.31 on Wednesday. The stock has a 50 day moving average of $39.16 and a 200-day moving average of $43.45. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. Relx has a 52 week low of $29.09 and a 52 week high of $56.33.

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.