RELX NV (RENX) Upgraded to “Buy” by Zacks Investment Research
RELX NV (NYSE:RENX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $19.00 target price on the stock. Zacks Investment Research’s target price indicates a potential upside of 13.23% from the company’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 16.78 on Wednesday. RELX NV has a one year low of $15.14 and a one year high of $18.34. The stock has a market cap of $34.49 billion, a P/E ratio of 25.20 and a beta of 1.05. The company has a 50-day moving average price of $17.54 and a 200-day moving average price of $17.37.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kanaly Trust Co boosted its position in shares of RELX NV by 13.0% in the second quarter. Kanaly Trust Co now owns 7,842 shares of the company’s stock worth $137,000 after buying an additional 903 shares in the last quarter. Aperio Group LLC boosted its position in shares of 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 in the last quarter. Jane Street Group LLC boosted its position in shares of RELX NV by 15.7% in the second quarter. Jane Street Group LLC now owns 14,112 shares of the company’s stock worth $246,000 after buying an additional 1,916 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of RELX NV by 16.0% in the second quarter. Bank of New York Mellon Corp now owns 27,278 shares of the company’s stock worth $475,000 after buying an additional 3,760 shares in the last quarter. Finally, Gilman Hill Asset Management LLC boosted its position in shares of RELX NV by 10.7% in the second quarter. Gilman Hill Asset Management LLC now owns 50,531 shares of the company’s stock worth $880,000 after buying an additional 4,875 shares in the last quarter. Hedge funds and other institutional investors own 1.37% of the company’s stock.
RELX NV Company Profile
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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