Relx Plc (NYSE:RELX) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Relx Plc (NYSE:RELX) have been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company.

Several equities analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Relx in a research report on Monday, January 12th. They set a “neutral” rating on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Zacks Research raised shares of Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Finally, Barclays restated an “overweight” rating on shares of Relx in a report on Tuesday, October 7th.

Relx Price Performance

Shares of Relx stock opened at $41.62 on Friday. The stock has a 50-day simple moving average of $40.89 and a 200-day simple moving average of $45.70. Relx has a 52-week low of $39.31 and a 52-week high of $56.33. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55.

Institutional Investors Weigh In On Relx

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Frank Rimerman Advisors LLC grew its holdings in Relx by 7.7% during the fourth quarter. Frank Rimerman Advisors LLC now owns 7,389 shares of the technology company’s stock valued at $299,000 after purchasing an additional 527 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Relx by 41.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 20,018 shares of the technology company’s stock worth $797,000 after buying an additional 5,884 shares during the last quarter. Net Worth Advisory Group boosted its holdings in shares of Relx by 21.5% during the 4th quarter. Net Worth Advisory Group now owns 6,387 shares of the technology company’s stock worth $258,000 after buying an additional 1,132 shares during the period. Trust Point Inc. acquired a new position in Relx in the 4th quarter valued at $236,000. Finally, Gradient Investments LLC grew its stake in Relx by 64.9% in the 4th quarter. Gradient Investments LLC now owns 37,473 shares of the technology company’s stock valued at $1,515,000 after buying an additional 14,751 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.