Relx (NYSE:RELX) was downgraded by analysts at BNP Paribas from a “neutral” rating to an “underperform” rating in a note issued to investors on Wednesday.
Several other research analysts have also recently weighed in on RELX. BidaskClub upgraded Relx from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Morgan Stanley cut Relx from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 22nd. Finally, Goldman Sachs Group upgraded Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold”.
Relx (NYSE:RELX) traded down $0.16 during trading on Wednesday, hitting $21.91. The company had a trading volume of 865,740 shares, compared to its average volume of 697,459. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.47 and a quick ratio of 0.43. Relx has a 12-month low of $18.13 and a 12-month high of $24.03.
A number of hedge funds have recently made changes to their positions in RELX. PNC Financial Services Group Inc. raised its position in Relx by 7.0% during the second quarter. PNC Financial Services Group Inc. now owns 7,523 shares of the technology company’s stock valued at $165,000 after acquiring an additional 490 shares in the last quarter. HighTower Advisors LLC purchased a new position in Relx during the second quarter valued at approximately $206,000. Dynamic Technology Lab Private Ltd purchased a new position in Relx during the third quarter valued at approximately $208,000. First Republic Investment Management Inc. purchased a new position in Relx during the third quarter valued at approximately $228,000. Finally, Advisor Group Inc. raised its position in Relx by 15.5% during the second quarter. Advisor Group Inc. now owns 11,503 shares of the technology company’s stock valued at $244,000 after acquiring an additional 1,544 shares in 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.
