Morgan Stanley Downgrades Relx (RELX) to Equal Weight

Relx (NYSE:RELX) was downgraded by equities research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Monday, MarketBeat.com reports.

A number of other equities research analysts have also issued reports on RELX. Zacks Investment Research upgraded shares of Relx from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. BidaskClub upgraded shares of Relx from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Goldman Sachs Group upgraded shares of Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold”.

Shares of Relx (RELX) traded up $0.25 during trading on Monday, hitting $23.29. 194,600 shares of the stock were exchanged, compared to its average volume of 319,846. The company has a current ratio of 0.47, a quick ratio of 0.43 and a debt-to-equity ratio of 2.35. Relx has a 1-year low of $17.70 and a 1-year high of $24.03.

Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of Relx by 7.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,523 shares of the technology company’s stock valued at $165,000 after purchasing an additional 490 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Relx in the 2nd quarter valued at about $206,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Relx in the 3rd quarter valued at about $208,000. First Republic Investment Management Inc. bought a new stake in shares of Relx during the 3rd quarter valued at about $228,000. Finally, Advisor Group Inc. grew its position in shares of Relx by 15.5% during the 2nd quarter. Advisor Group Inc. now owns 11,503 shares of the technology company’s stock valued at $244,000 after buying an additional 1,544 shares during the last quarter. Institutional investors and hedge funds 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.

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