Relx Plc (NYSE:RELX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Relx Plc (NYSE:RELX) have earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company.

Several equities research analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Relx in a research note on Friday, May 8th. Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. The Goldman Sachs Group began coverage on shares of Relx in a report on Wednesday, June 3rd. They set a “buy” rating for the company. Finally, Morgan Stanley downgraded shares of Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th.

Relx Price Performance

RELX stock opened at $32.82 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. Relx has a fifty-two week low of $27.57 and a fifty-two week high of $54.37. The business has a 50-day moving average of $34.27 and a 200-day moving average of $35.85.

Hedge Funds Weigh In On Relx

A number of large investors have recently modified their holdings of RELX. AQR Capital Management LLC raised its holdings in Relx by 17.1% during the first quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock worth $3,207,000 after acquiring an additional 9,287 shares in the last quarter. Millennium Management LLC grew its stake in Relx by 51.4% in the first quarter. Millennium Management LLC now owns 275,566 shares of the technology company’s stock valued at $13,891,000 after purchasing an additional 93,610 shares in the last quarter. Focus Partners Wealth increased its position in shares of Relx by 5.1% during the 1st quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock worth $542,000 after purchasing an additional 522 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Relx by 60.2% during the 1st quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company’s stock worth $720,000 after purchasing an additional 5,374 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its stake in shares of Relx by 57.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,005 shares of the technology company’s stock worth $381,000 after purchasing an additional 2,568 shares in 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.