Zacks: Analysts Set $18.50 Price Target for RELX NV (NYSE:RENX)
RELX NV (NYSE:RENX) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokers have set a one year consensus target price of $18.50 for the company, according to Zacks. Zacks has also given RELX NV an industry rank of 168 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut RELX NV from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st.
Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in RELX NV by 498.8% in the second quarter. Royal Bank of Canada now owns 118,720 shares of the company’s stock worth $2,067,000 after buying an additional 98,893 shares during the last quarter. Jane Street Group LLC increased its stake in RELX NV by 15.7% in the second quarter. Jane Street Group LLC now owns 14,112 shares of the company’s stock worth $246,000 after buying an additional 1,916 shares during the last quarter. Guggenheim Capital LLC increased its stake in RELX NV by 92.4% in the second quarter. Guggenheim Capital LLC now owns 50,285 shares of the company’s stock worth $875,000 after buying an additional 24,153 shares during the last quarter. Citadel Advisors LLC acquired a new stake in RELX NV during the second quarter worth $198,000. Finally, KCG Holdings Inc. acquired a new stake in RELX NV during the second quarter worth $177,000. Institutional investors own 1.37% of the company’s stock.
RELX NV (NYSE:RENX) opened at 17.17 on Thursday. RELX NV has a 12 month low of $15.14 and a 12 month high of $18.34. The company has a market capitalization of $35.29 billion, a price-to-earnings ratio of 25.14 and a beta of 1.05. The firm has a 50-day moving average price of $17.75 and a 200-day moving average price of $17.40.
RELX NV Company Profile
RELX NV is a Netherlands-based company holding shares in RELX Group plc. RELX Group plc is a global provider of information and analytics for professional and business customers across industries. RELX Group plc serves customers in more than 180 countries. The Company operates in four market segments.
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