Zacks Investment Research Upgrades RELX NV (RENX) to “Buy”
RELX NV (NYSE:RENX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage currently has a $19.00 price objective on the stock. Zacks Investment Research’s price target points to a potential upside of 14.25% from the stock’s current price.
According to Zacks, “RELX NV provides professional information solutions primarily in North America and Europe. The company’s operating segments consists of Scientific, Technical & Medical; Risk & Business Information; Legal, and Exhibitions. Scientific, Technical & Medical segment provides information and tools to help customers improve scientific and healthcare outcomes. Risk & Business Information segment provides data and analytics which enable customers to evaluate and manage risk. Legal segment provides legal, regulatory, news, business information and analysis to legal, corporate, Government and academic customers. Exhibitions segment, through the subsidiary Reed Exhibitions, organizes market events relevant to industry needs. RELX NV, formerly known as Reed Elsevier NV, is based in Amsterdam, the Netherlands. “
RELX NV (NYSE:RENX) opened at 16.63 on Wednesday. The stock has a market capitalization of $34.18 billion, a PE ratio of 24.97 and a beta of 1.05. The company’s 50-day moving average price is $17.70 and its 200 day moving average price is $17.40. RELX NV has a 12 month low of $15.14 and a 12 month high of $18.34.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC increased its position in RELX NV by 2.8% in the first quarter. Aperio Group LLC now owns 64,766 shares of the company’s stock worth $1,135,000 after buying an additional 1,750 shares during the last quarter. Ngam Advisors L.P. increased its position in RELX NV by 22.3% in the first quarter. Ngam Advisors L.P. now owns 117,112 shares of the company’s stock worth $2,053,000 after buying an additional 21,362 shares during the last quarter. Lazard Asset Management LLC increased its position in RELX NV by 9.3% in the first quarter. Lazard Asset Management LLC now owns 196,332 shares of the company’s stock worth $3,441,000 after buying an additional 16,710 shares during the last quarter. Goldman Sachs Group Inc. increased its position in RELX NV by 25.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,043 shares of the company’s stock worth $5,155,000 after buying an additional 60,439 shares during the last quarter. Finally, HBK Investments L P acquired a new position in RELX NV during the first quarter worth approximately $234,000. Institutional investors and hedge funds own 1.37% of the company’s stock.
About RELX NV
RELX NV is a Netherlands-based company holding shares in RELX Group plc. RELX Group plc is a global provider of information and analytics for professional and business customers across industries. RELX Group plc serves customers in more than 180 countries. The Company operates in four market segments.
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