Relx Plc (RELX) Stock Rating Lowered by BidaskClub
Relx Plc (NYSE:RELX) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
A number of other equities analysts have also commented on the company. ABN Amro upgraded Relx Plc from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research lowered Relx Plc from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $25.00.
Shares of Relx Plc (RELX) traded up 0.58% on Thursday, reaching $22.53. The company had a trading volume of 16,048 shares. The company has a 50-day moving average price of $21.98 and a 200-day moving average price of $21.04. Relx Plc has a 52-week low of $16.19 and a 52-week high of $22.60. The firm has a market capitalization of $45.40 billion, a PE ratio of 27.71 and a beta of 0.76.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/09/14/relx-plc-relx-stock-rating-lowered-by-bidaskclub.html.
Several institutional investors have recently bought and sold shares of RELX. Shine Investment Advisory Services Inc. bought a new position in shares of Relx Plc in the second quarter worth about $101,000. PNC Financial Services Group Inc. increased its stake in shares of Relx Plc by 44.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,033 shares of the technology company’s stock worth $139,000 after purchasing an additional 2,150 shares during the period. Grove Bank & Trust increased its stake in shares of Relx Plc by 45.9% in the second quarter. Grove Bank & Trust now owns 6,990 shares of the technology company’s stock worth $153,000 after purchasing an additional 2,200 shares during the period. Strategic Global Advisors LLC bought a new position in shares of Relx Plc in the second quarter worth about $204,000. Finally, HighTower Advisors LLC bought a new position in shares of Relx Plc in the second quarter worth about $206,000. Institutional investors and hedge funds own 2.16% of the company’s stock.
About Relx Plc
RELX PLC is a holding company, which holds interests in RELX Group plc. RELX Group is a global provider of information and analytics for professional and business customers across industries. The Company operates in four segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal, and Exhibitions.
Receive News & Ratings for Relx Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Relx Plc and related companies with MarketBeat.com's FREE daily email newsletter.