Relx Plc (RELX) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of Relx Plc (NYSE:RELX) from a sell rating to a hold rating in a report published on Wednesday.
According to Zacks, “Relx PLC is engaged in providing information solutions. Its products and services comprise intellectual property content delivered through various media, including online, journals and books. The Company’s operating segments consists of Scientific, Technical & Medical, Risk & Business Information; Legal and Exhibitions. RELX PLC, formerly known as Reed Elsevier PLC, is based in LONDON, United Kingdom. “
Several other equities research analysts also recently issued reports on RELX. BidaskClub downgraded shares of Relx Plc from a strong-buy rating to a buy rating in a research note on Tuesday, June 13th. ABN Amro upgraded shares of Relx Plc from a hold rating to a buy rating in a research note on Wednesday, June 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $25.00.
Relx Plc (RELX) opened at 22.23 on Wednesday. Relx Plc has a 12 month low of $16.19 and a 12 month high of $22.60. The firm has a 50-day moving average of $22.05 and a 200 day moving average of $21.16. The stock has a market cap of $44.80 billion, a PE ratio of 26.78 and a beta of 0.76.
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The firm also recently disclosed a None dividend, which was paid on Wednesday, August 30th. Shareholders of record on Friday, August 4th were paid a dividend of $0.153 per share. This is an increase from Relx Plc’s previous None dividend of $0.14. The ex-dividend date was Wednesday, August 2nd.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Shine Investment Advisory Services Inc. purchased a new position in shares of Relx Plc in the second quarter valued at $101,000. PNC Financial Services Group Inc. boosted its stake in shares of Relx Plc by 44.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,033 shares of the technology company’s stock valued at $139,000 after purchasing an additional 2,150 shares during the period. Grove Bank & Trust boosted its stake in shares of Relx Plc by 45.9% in the second quarter. Grove Bank & Trust now owns 6,990 shares of the technology company’s stock valued at $153,000 after purchasing an additional 2,200 shares during the period. Strategic Global Advisors LLC purchased a new position in shares of Relx Plc in the second quarter valued at $204,000. Finally, HighTower Advisors LLC purchased a new position in shares of Relx Plc in the second quarter valued at $206,000. Institutional investors own 2.16% of the company’s stock.
Relx Plc Company Profile
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.
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