Relx (RELX) Upgraded at Goldman Sachs Group

Relx (NYSE:RELX) was upgraded by research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

RELX has been the subject of several other reports. BidaskClub upgraded Relx from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded Relx from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Relx has a consensus rating of “Buy”.

Shares of Relx (NYSE:RELX) opened at $23.43 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.43 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $47,680.00, a P/E ratio of 54.49, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Relx has a 52 week low of $17.64 and a 52 week high of $24.03.

A number of large investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC raised its stake in shares of Relx by 10.1% in the third quarter. Parametric Portfolio Associates LLC now owns 886,660 shares of the technology company’s stock valued at $19,817,000 after acquiring an additional 81,262 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Relx in the third quarter valued at $842,000. First Republic Investment Management Inc. purchased a new position in Relx in the third quarter valued at $228,000. Envestnet Asset Management Inc. increased its holdings in Relx by 10.5% in the third quarter. Envestnet Asset Management Inc. now owns 214,519 shares of the technology company’s stock valued at $4,794,000 after buying an additional 20,302 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Relx by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 579,049 shares of the technology company’s stock valued at $12,942,000 after buying an additional 3,196 shares during the last quarter. Institutional investors own 2.35% of the company’s stock.

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About Relx

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.