Relx Plc (NYSE:RELX) Receives Average Rating of “Buy” from Brokerages

Shares of Relx Plc (NYSE:RELX) have received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company.

RELX has been the subject of several analyst reports. Wall Street Zen raised shares of Relx from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research report on Monday, February 2nd. Zacks Research upgraded Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th.

Hedge Funds Weigh In On Relx

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in Relx by 9.8% in the 2nd quarter. American Century Companies Inc. now owns 462,477 shares of the technology company’s stock worth $25,131,000 after buying an additional 41,207 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Relx during the second quarter valued at $2,878,000. SCS Capital Management LLC increased its stake in Relx by 341.1% during the 2nd quarter. SCS Capital Management LLC now owns 238,768 shares of the technology company’s stock valued at $12,975,000 after purchasing an additional 184,643 shares in the last quarter. ABC Arbitrage SA raised its holdings in Relx by 188.9% in the 2nd quarter. ABC Arbitrage SA now owns 560,958 shares of the technology company’s stock worth $30,482,000 after acquiring an additional 366,761 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd purchased a new position in shares of Relx in the second quarter worth $11,649,000. Institutional investors own 15.02% of the company’s stock.

Relx Price Performance

Shares of RELX opened at $29.31 on Wednesday. The stock has a 50 day simple moving average of $39.16 and a 200 day simple moving average of $43.45. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. Relx has a 52-week low of $29.09 and a 52-week high of $56.33.

About Relx

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.