RELX NV (RENX) Upgraded to Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of RELX NV (NYSE:RENX) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. They currently have $19.00 target price on the stock.
According to Zacks, “RELX NV provides professional information solutions primarily in North America and Europe. The company’s operating segments consists of Scientific, Technical & Medical; Risk & Business Information; Legal, and Exhibitions. Scientific, Technical & Medical segment provides information and tools to help customers improve scientific and healthcare outcomes. Risk & Business Information segment provides data and analytics which enable customers to evaluate and manage risk. Legal segment provides legal, regulatory, news, business information and analysis to legal, corporate, Government and academic customers. Exhibitions segment, through the subsidiary Reed Exhibitions, organizes market events relevant to industry needs. RELX NV, formerly known as Reed Elsevier NV, is based in Amsterdam, the Netherlands. “
Shares of RELX NV (NYSE:RENX) opened at 16.57 on Wednesday. RELX NV has a one year low of $15.14 and a one year high of $18.34. The company has a market cap of $34.06 billion, a PE ratio of 24.88 and a beta of 1.05. The stock’s 50 day moving average is $17.66 and its 200-day moving average is $17.39.
A number of hedge funds have recently added to or reduced their stakes in the stock. Ngam Advisors L.P. raised its stake in RELX NV by 206.1% in the second quarter. Ngam Advisors L.P. now owns 358,434 shares of the company’s stock valued at $6,241,000 after buying an additional 241,322 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in RELX NV by 135.0% in the first quarter. Envestnet Asset Management Inc. now owns 362,476 shares of the company’s stock valued at $6,354,000 after buying an additional 208,250 shares during the last quarter. Royal Bank of Canada raised 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 valued at $2,067,000 after buying an additional 98,893 shares during the last quarter. US Bancorp DE raised its stake in RELX NV by 17.0% in the second quarter. US Bancorp DE now owns 586,796 shares of the company’s stock valued at $10,216,000 after buying an additional 85,362 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in RELX NV during the second quarter valued at $1,269,000. Institutional investors own 1.37% of the company’s stock.
About RELX NV
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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